招银国际作为配售代理成功完成晶泰控股新股配售

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The report highlights that Crystal Tech Holdings (2228.HK) successfully completed a new share placement on February 18, 2025, with a total issuance size of approximately $268 million, making it the largest placement in the Hong Kong market for the year [1] - The placement was well-received, with multiple times coverage during the book-building process, leading to an increase in the issuance ratio to about 8.5% of the expanded share capital [1] - The company operates as an innovative R&D platform leveraging quantum physics, AI, and robotics to provide drug and material science solutions globally [3] - The report emphasizes the role of CMB International as the sole financial advisor and placement agent, showcasing its ability to identify core investors and attract new ones, thereby enhancing the company's order structure [2][4] Summary by Sections Transaction Overview - On February 18, 2025, Crystal Tech Holdings completed a new share placement with an issuance size of$ 268 million, representing 8.5% of the expanded share capital, and was priced at HKD 6.10 per share [1] Company Profile - Crystal Tech Holdings is a research and development platform that integrates quantum physics, AI, and robotics to offer solutions in drug and material sciences, including agriculture technology and new chemical products [3] Role of CMB International - CMB International acted as the sole financial advisor and placement agent, successfully bringing in quality long-term Chinese fund orders and enhancing investor interest through frequent communication [2][5]