CARLINK TECH
Listing Date | 2024/07/15 |
Listing Price | 4.700 |
- Subscription Rate2.49x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2024/07/15 |
Listing Price | 4.700 |
GL-Carlink Technology Holding Limited is an in-vehicle hardware and SaaS marketing and management service provider for players within the automotive aftermarket industry in China, with a focus on sales of in-vehicle hardware products; and provision of SaaS marketing and management services, covering SaaS subscription services and SaaS value-added services, to the industry participants along the industry value chain.
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According to report, the Group ranked first as a SaaS marketing and management services provider for the automotive aftermarket industry in China with a market share of 6.1% in terms of revenue in 2023, and it ranked third as an in-vehicle hardware provider for the automotive aftermarket industry in China with a market share of 3.4% in terms of revenue in 2023.
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The Group’s customers for sales of in-vehicle hardware products and provision of SaaS marketing and management services mainly included 4S stores, channel partners, automotive financing and leasing companies and in-vehicle device OBMs.
Market | Hong Kong (Main Board) |
Business Nature | Automobiles |
Major Business Area | China |
Board Lot | 500 |
No. of Offer Shares | 63.60M shares |
No. of International Offer Shares | 57.24M shares |
No. of HK Offer Shares | 6.36M shares |
Offer Price | $4.70 - $5.30 |
Stock Code | 2531 |
Sponsor(s) | CCB International Capital Limited |
Underwriter(s) | CCB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Cinda International Capital Limited, CMBC Securities Company Limited, Donghai International Securities (Hong Kong) Limited, Fosun International Securities Limited, Gaoyu Securities Limited, Livermore Holdings Limited, Quam Securities Limited, Ruibang Securities Limited, SPDB International Capital Limited, Victory Securities Company Limited, Yue Xiu Securities Company Limited, Zhongtai International Securities Limited, ZMF Asset Management Limited |
Application Period | Jun 28 (Fri) - noon, Jul 10 (Wed) |
Price Determination Date | Jul 11 (Thu) |
Result Announcement Date | On or before Jul 12 (Fri) |
Result Announcement Date | On or before Jul 12 (Fri) |
Result Announcement Date | On or before Jul 15 (Mon) |
Dealings in Shares commence on | Jul 15, 2024. (Mon) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $4.70 - $5.30 |
Capitalization | 1.72B - 1.94B |
NAV / share ($) | $1.71 - $1.81 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 5, the net proceeds raised would be HKD 248.20M, of which |
37.3% : Enhance research and development capabilities |
32.7% : Broaden service offerings to other participants along the industry chain of the automotive industry |
20% : Seek potential strategic investment and collaboration opportunities |
10% : Working capital |
15/07/2024 16:09 |
{New Stock}CARLINK TECH(02531) ends up 2.13% at HK$4.8 |
15/07/2024 09:20 |
{New Stock}CARLINK TECH(02531) opens up 16.6% at HK$5.48 |
12/07/2024 18:35 |
{New Stock}CARLINK TECH(02531) ends up 17.02% on grey market |
12/07/2024 16:20 |
{New Stock}CARLINK TECH up 17.02% at HK$5.5 on grey market |
Prospectus | Chinese Version | English Version |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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