1月30日早间，澜起科技在港交所公告，公司拟全球发售65,890,000股H股，香港发售股份6,589,000股H 股，国际发售股份59,301,000股H股，另有15%的超额配股权；发售价最高为每股106.89港元；预期股份 将于2026年2月9日开始在香港联交所买卖。 ...

Group 1 - The company plans to globally offer 36.7656 million H-shares, with 3.6766 million shares available in Hong Kong and 33.089 million shares for international offering, subject to reallocation and the exercise of the over-allotment option [1] - The offering price is set at HKD 30.00 per share, with trading expected to commence on January 9, 2026 [1] - The company is a leading manufacturer of high-quality cathode copper, ranking fifth among Chinese cathode copper producers based on production in the Democratic Republic of the Congo (DRC) and Zambia [1] Group 2 - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to subscribe for shares totaling approximately USD 60.26 million (around HKD 468.8 million) at the offering price [2] - The cornerstone investors include Glencore International AG, Stoneylake Global Alpha Fund, North Rock, Huaxia Fund (Hong Kong), and others [2] Group 3 - Assuming the offering price is HKD 30.00 per share and the over-allotment option is not exercised, the company expects to net approximately HKD 1.0426 billion from the global offering [3] - Approximately 80% of the net proceeds will be used to expand core business operations, including enhancing production capacity at the DRC copper smelting plant and strategic acquisitions [3] - About 10% of the net proceeds will be allocated for repaying certain interest-bearing bank loans and for general corporate purposes [3]

Core Viewpoint - SANY Heavy Industry is set to launch an IPO from October 20 to October 23, 2025, offering 580 million H-shares, with 10% allocated for Hong Kong and 90% for international sales [2] Group 1: IPO Details - The price range for the shares is set between HKD 20.3 and HKD 21.3 per share, with the expected listing date on the Hong Kong Stock Exchange being October 28 [2] - The net proceeds from the offering are estimated to be approximately HKD 11.926 billion [2] Group 2: Company Overview - SANY Heavy Industry is a leading global player in the engineering machinery sector, focusing on products such as excavators, concrete machinery, and cranes [2] - The company ranks as the third largest globally and the largest in China within the engineering machinery industry [2] Group 3: Use of Proceeds - 45% of the proceeds will be used to expand the global sales and service network [2] - 25% will enhance research and development capabilities [2] - 20% will be allocated to expand overseas manufacturing capacity [2] - 10% will be used for working capital [2] Group 4: Investment Support - The company has secured cornerstone investments totaling approximately USD 758 million from several well-known institutions, including Temasek and BlackRock [2]

Core Viewpoint - Cambridge Technology (603083) plans to globally offer 67.01 million H shares from October 20 to October 23, 2025, with a maximum offer price of HKD 68.88 per share, and expects trading to commence on October 28, 2025 [1] Group 1: Company Overview - The company specializes in the design, development, and sale of connectivity and data transmission devices, ranking fifth globally in the optical and wireless connectivity device (OWCD) industry with a market share of 4.1% as of 2024 [1] - The company has established stable partnerships with several global leaders over the past decade, with a significant portion of its revenue derived from international markets, including the US, Europe, and Asia-Pacific [2] Group 2: Financial Performance - The company's revenue for the past periods was RMB 3.784 billion, RMB 3.085 billion, RMB 3.65 billion, and RMB 2.034 billion, with gross profits of RMB 689 million, RMB 664 million, RMB 762 million, and RMB 445 million, reflecting gross margins of 18.2%, 21.5%, 20.9%, and 21.9% respectively [5] - Net profits for the same periods were RMB 171 million, RMB 95 million, RMB 167 million, and RMB 118 million, with net profit margins of 4.5%, 3.1%, 4.6%, and 5.8% respectively [5] Group 3: Use of Proceeds - The company estimates a net amount of approximately HKD 4.48 billion from the global offering, with plans to allocate about 50% for enhancing its facilities and capacity for current and future co-location partners [4] - Specific allocations include 12% for broadband products, 13% for wireless products, and 25% for optical module products, along with 20% for R&D talent and technology improvements [4] - Additionally, 5% will be used for business promotion and marketing, 15% for overseas strategic investments, and 10% for general corporate purposes [4] Group 4: Cornerstone Investors - The company has entered into cornerstone investment agreements with several investors, agreeing to subscribe for shares totaling USD 290 million, which translates to approximately 32.76 million shares at the maximum offer price [3]