Core Viewpoint - Zhihui Mining (02546) has successfully completed its IPO with a significant oversubscription of 4019 times, raising a total of up to HKD 550 million, indicating strong market interest in the company’s mining operations in Tibet [1] Group 1: IPO Details - The IPO took place from December 11 to December 16, with a total of HKD 221.1 billion in margin financing secured by brokers [1] - The company plans to issue 120 million H-shares, with 10% allocated for public sale at a price range of HKD 4.1 to HKD 4.51 per share [1] - The total fundraising amount is expected to reach a maximum of HKD 550 million, with the listing date set for December 19 [1] Group 2: Key Investors - Key cornerstone investors include Zhaojin Mining (01818), which fully owns Spico, and GIGA Industries, along with Poly Platinum, collectively subscribing for approximately HKD 224.4 million [1] - These cornerstone investors will receive about 49.73 million shares, representing 40.78% of the global offering [1] Group 3: Company Overview - Established in 2013, Zhihui Mining focuses on the exploration, mining, production, and sales of zinc, lead, and copper in Tibet [1] - The company ranks fifth in zinc and copper concentrate production and fourth in lead concentrate production in Tibet for 2024 [2] Group 4: Production and Revenue - In 2024, Zhihui Mining is projected to account for 11.1% of the total zinc concentrate production, 4.2% of lead concentrate, and 0.1% of copper concentrate in Tibet [2] - The company’s revenue for the fiscal years 2022, 2023, 2024, and the first seven months of 2025 is reported as RMB 482 million, RMB 546 million, RMB 301 million, and RMB 257 million respectively [2] Group 5: Use of Proceeds - Approximately 29.2% of the net proceeds from the global offering will be used to enhance mining capabilities [3] - About 23.4% will be allocated for exploration investments within the mining rights in Tibet [3] - The company plans to use 18.7% to improve ore processing capabilities and optimize production for sustainable growth [3]
新股消息 | 智汇矿业(02546)招股结束 孖展认购额达2211亿港元 超购4019倍