Core Viewpoint - 乐摩科技 plans to globally offer 5.5556 million shares, with a total fundraising amount expected to be HKD 186 million, aimed at expanding service coverage, enhancing technology, and increasing brand awareness [1] Group 1: Offering Details - The company will offer 555,600 shares in Hong Kong and 5 million shares internationally [1] - The subscription period is from November 25 to November 28, with a maximum offer price of HKD 40.00 per share [1] - The entry fee for investors is approximately HKD 4,040.35 for a board lot of 100 shares [1] Group 2: Fundraising Purpose - The total expected fundraising amount is HKD 186 million, with a net amount of HKD 147 million [1] - The funds will be used to expand the company's service network coverage and penetration [1] - Additional uses include continuous technology enhancement, increasing brand visibility, and general working capital [1] Group 3: Financial Performance - The company's net profit for the fiscal years 2023, 2024, and the first quarter of 2025 (ending March 31) are projected to be HKD 87.34 million, HKD 85.81 million, and HKD 23.34 million, respectively [1] - Year-on-year profit changes are 1247.63% for 2023, -1.76% for 2024, and -11.52% for Q1 2025 [1] Group 4: Listing Information - 乐摩科技 is expected to be listed on the main board on December 3, 2025 [1] - The joint sponsors for the offering are 中信建投 (601066) and 申万宏源融资 (Hong Kong) [1]

Core Insights - The company, Beikang Detection Technology Co., Ltd., is a leading domestic service provider in the field of non-ferrous metal inspection and testing, focusing on technology development, technical services, and instrument research and development [1][2] Group 1: Issuance Details - The company plans to issue shares at a price of 6.70 yuan per share, with an issuance price-to-earnings ratio of 14.99 [1] - The total number of shares to be issued is 28.32 million, with 25.48 million shares available for online subscription [1] - The expected total fundraising amount is 189.74 million yuan, with a net amount of 172.48 million yuan after deducting estimated issuance costs of 17.27 million yuan [2] Group 2: Shareholder Structure - The controlling shareholder of the company is the Mining and Metallurgy Group, which directly holds 86.11% of the shares and indirectly holds an additional 1.53% through the Mining and Metallurgy Institute, totaling 87.64% [2] - The State-owned Assets Supervision and Administration Commission of the State Council holds 100% of the Mining and Metallurgy Group, making it the actual controller of the company [2] Group 3: Use of Proceeds - The funds raised will be used for the development of an advanced testing instrument research base, enhancement of testing capabilities, and to supplement working capital [2]

Core Viewpoint - The company, Seres, is set to begin accepting investor subscriptions for its Hong Kong IPO as early as next Monday, with the potential to raise between 1.5 billion to 2 billion USD [1] Group 1 - The IPO is anticipated to attract significant investor interest due to the substantial fundraising target [1] - The fundraising range of 1.5 billion to 2 billion USD indicates a strong market position and growth potential for the company [1]

Core Viewpoint - The Shenzhen Stock Exchange will hold a listing review meeting on September 19, 2025, to evaluate the application of Yuanchuang Technology Co., Ltd. for its initial public offering [1] Group 1: Fundraising and Projects - Yuanchuang Technology plans to raise a total of 48,513.17 million yuan for various projects [1] - The total investment for the production base construction project is 71,142.44 million yuan, with 40,000.00 million yuan allocated from the raised funds [2] - The technical center construction project has a total investment of 2,513.17 million yuan, with the entire amount to be funded by the raised capital [2] - The working capital supplement project is set at 6,000.00 million yuan, also fully funded by the raised funds [2] - The total investment across all projects amounts to 79,655.61 million yuan, with 48,513.17 million yuan sourced from the IPO [2] Group 2: Underwriters - The lead underwriter for Yuanchuang Technology's IPO is Guotai Junan Securities Co., Ltd. [2] - The sponsoring representatives are Wang Qingran and Liu Aifeng [2]