美联股份(02671)12月18日至12月23日招股 预计12月30日上市
智通财经网·2025-12-17 23:33

Core Viewpoint - The company, Meilian Holdings (02671), is set to launch an initial public offering (IPO) from December 18 to December 23, 2025, aiming to issue 22.5 million shares at a price range of HKD 7.10 to HKD 9.16 per share, with 10% allocated for Hong Kong and 90% for international sales [1] Group 1: Company Overview - Meilian Holdings is a comprehensive subcontractor in the prefabricated steel structure construction market, providing integrated services including project design, procurement, manufacturing, and installation [1] - The company has established a strong reputation in the industrial sector of China's prefabricated steel structure market, ranking third with a market share of 3.5% as of 2024, while the top two competitors hold market shares of 35.8% and 6.5% respectively [1][2] Group 2: Market Insights - The prefabricated steel structure construction market is recognized for its efficiency, strength, and adaptability, particularly in industrial applications, making it a preferred choice for modern industrial buildings [2] - The company offers customized integrated subcontracting services to meet diverse project needs, gaining recognition in the industry with its "Meilian Steel Structure" brand [2] Group 3: IPO Details and Use of Proceeds - The estimated net proceeds from the global offering, assuming a share price of HKD 8.13 and no exercise of the over-allotment option, will be approximately HKD 164 million, with an additional HKD 28.8 million if the over-allotment option is fully exercised [3] - The intended use of the net proceeds includes approximately 37.7% for capital investments to enhance production capacity and operational efficiency, 26.7% for prepayments related to new projects, and 12.3% for strengthening sales and marketing development [3] - Additional allocations include 9.3% for selective acquisitions and investments to enhance the supply chain and technical capabilities, 9.0% for R&D to improve products and technology, and 5.0% for working capital and general corporate purposes [3]