金岩高岭新材启动招股 计划全球发售2430万股H股

Core Viewpoint - Jin Yan High Alumina New Materials has initiated an IPO, planning to globally offer 24.3 million H-shares at a price of HKD 7.30 per share, with expected listing on December 3 [1] Group 1: IPO Details - The global offering consists of 10% for public sale in Hong Kong and 90% for international sale, with an additional 15% over-allotment option [1] - The company has secured cornerstone investors including Pingmei Hong Kong, Chuangli Hong Kong, Jinyuan Hong Kong, and Degao Mining, collectively subscribing for HKD 76.2193 million of the offered shares [1] Group 2: Fund Utilization - Assuming the over-allotment option is not exercised, the net proceeds from the global offering are approximately HKD 124.3 million [1] - Approximately 70.8% of the proceeds will be allocated to the deep processing project of kaolin-based aluminum-silicon materials, 20.6% for establishing a new materials engineering technology research center, 0.6% for repaying bank loans, and 8.0% for working capital and general corporate purposes [1] Group 3: Company Overview - The company specializes in coal-based kaolin in China, possessing full value chain integration capabilities from mining, R&D, processing to production and sales [1] - Its main products include precision casting kaolin materials and refractory kaolin materials, as well as coke and powder [1] - According to Frost & Sullivan data, the company ranks fifth in the market with a 5.4% market share based on revenue from coal-based calcined kaolin companies in China for 2024 [1]