02881 武漢有機
WUHAN YOUJI
WUHAN YOUJI
| Listing Date | 2024/06/18 |
| Listing Price | 5.500 |
Quote
Subscription Result
- Subscription Rate337.57x
- Guarantee One Lot Size300 lot
- One Lot Success Rate5.01%
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IPO Detail
COMPANY PROFILE
Wuhan Youji Holdings is a toluene derivative products provider in the PRC and the global market, primarily focusing on the manufacture of toluene oxidation and chlorination products, benzoic acid ammonification products and other fine chemical products through organic synthesis process. Its toluene derivative products are primarily used for food preservatives, household chemicals, animal feed acidifier and synthetic intermediates for agrochemical and pharmaceutical uses.
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According to the Report, the Group ranked as the largest manufacturer for both benzoic acid and sodium benzoate and the second largest benzyl alcohol manufacturer in the PRC in terms of the sales revenue in 2023, representing 62.0%, 37.9% and 33.9% of the PRC total market revenue in 2023 and accounting for 37.0%, 22.4% and 20.6% of the global total market revenue in 2023, respectively.
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The Group operated two production plants, namely Wuhan Production Plant and Qianjiang Xinyihong Production Plant, with an aggregate site area of 326,618.9 sq.m. and an aggregate gross floor area of 78,256.0 sq.m..
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As of May 29, 2024, the Group had a self-produced product portfolio primarily consisting of five toluene oxidation products, two toluene chlorination products, two benzoic acid ammonification products and more than 20 types of other fine chemical products for broad market uses.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Chemicals |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 18.30M shares |
| No. of International Offer Shares | 15.05M shares |
| No. of HK Offer Shares | 3.25M shares |
| Offer Price | $5.5 - $8.5 |
| Stock Code | 2881 |
| Sponsor(s) | BOCOM International (Asia) Limited |
| Underwriter(s) | BOCOM International Securities Limited, ABCI Securities Company Limited, CCB International Capital Limited, CEB International Capital Corporation Limited, China Everbright Securities (HK) Limited, China Industrial Securities International Capital Limited, CMBC Securities Company Limited, Essence International Securities (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited, ICBC International Securities Limited, Phillip Securities (Hong Kong) Limited, Quam Securities Limited, Sinomax Securities Limited, SPDB International Capital Limited, Yue Xiu Securities Company Limited, Zhongtai International Securities Limited, China Sunrise Securities (International) Limited, CNI Securities Group Limited, Fortune Origin Securities Limited, Maxa Capital Limited |
TIME TABLE
| Application Period | Jun 07 (Fri) - noon, Jun 13 (Thu) |
| Price Determination Date | Jun 14 (Fri) |
| Result Announcement Date | On or before Jun 17 (Mon) |
| Result Announcement Date | On or before Jun 17 (Mon) |
| Result Announcement Date | On or before Jun 18 (Tue) |
| Dealings in Shares commence on | Jun 18, 2024. (Tue) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $5.5 - $8.5 |
| Capitalization | 513.20M - 793.10M |
| NAV / share ($) | $6.86 - $7.45 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 7, the net proceeds raised would be HKD 53.30M, of which |
| 82% : Increase production capacity by constructing new production facilities at Hubei Xinxuanhong Production Plant |
| 3% : Research and development activities |
| 5% : For sales and marketing activities to enhance brand recognition in the PRC and overseas |
| 10% : Working capital |
Related Document
| 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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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).