广和通募29亿港元首日破发跌12% 广发基金管理等浮亏

Core Viewpoint - Guanghetong Wireless Co., Ltd. (stock codes: 300638.SZ, 00638.HK) was listed on the Hong Kong Stock Exchange, closing at HKD 18.98, down 11.72% from its issue price, with an intraday low of HKD 18.89 [1] Summary by Sections Share Issuance and Capital Structure - The total number of shares issued under the global offering was 135,080,200 H-shares, with 13,508,200 shares for the Hong Kong public offering and 121,572,000 shares for international offering [2] - The number of shares issued at listing (before the exercise of the over-allotment option) was 900,533,742 [2] Key Investors - The cornerstone investors included Qindao Gantong, Pacific Asset Management, China Taiping (Hong Kong), GF Fund Management, GF International, Ruihua Investment, Zhidu Investment, Zhang Xiaolei, Guotai Junan Securities Investment, and Junyi Hong Kong Fund [5] Pricing and Proceeds - The final offer price was HKD 21.50, with total proceeds amounting to HKD 2,904.2 million, and net proceeds after estimated listing expenses of HKD 93.6 million were HKD 2,810.6 million [7] - Approximately 55% of the net proceeds are expected to be allocated for R&D, particularly in AI and robotics technology innovation and product development [7] Use of Proceeds - About 15% of the net proceeds is planned for building manufacturing facilities in Shenzhen, China, primarily for module products [7] - 10% of the net proceeds is expected to be used for repaying certain interest-bearing bank loans [7] - Another 10% is anticipated for strategic investments and/or acquisitions, focusing on companies in wireless communication, AI, robotics, and other complementary fields [7] - The remaining 10% is expected to be used for working capital and other general corporate purposes [7] Company Overview - Guanghetong is a provider of wireless communication modules, offering products such as data transmission modules, smart modules, and AI modules [8] - The company provides customized solutions based on its module products, including edge AI solutions, robotic solutions, and other applications [8]