Ein sehr junge Aktie
http://trade.netvigator.com/gtd/english/queries/...code=50021296&LP=c
Principal terms
n Issuer : Hop Fung Group Holdings Limited (Stock Code: 2320)
n Place of Incorporation : Cayman Islands
n Listing Venue : Main Board of SEHK
n Type of Offering : 90% Placing and 10% Public Offer (subject to claw-back)
n Initial Offering Size : Total – 108,000,000 Shares (comprising 90,000,000 New Shares
And 18,000,000 Sales Shares)
Placing – 97,200,000 Shares (comprising 79,200,000 New Shares and 18,000,000 Sale Shares)
Public Offer – 10,800,000 New Shares
n Over-allotment Option : Up to 16,200,000 additional New Shares (15% of initial offer size)
n Indicative Offer Price : HK$0.93 - HK$1.16
n Indicative Fully Diluted 2003 PER : 6.3x - 7.9x
n Total Offering Amount : HK$100.4M-$125.3M (before exercise of Over-allotment)
HK$115.5M-$144.1M (after full exercise of Over-allotment)
n Shares O/S after Offering : 360,000,000 Shares (before exercise of Over-allotment)
376,200,000 Shares (after exercise of Over-allotment)
n % of Company Offered : 30.0% (before exercise of Over-allotment)
33.0% (after exercise of Over-allotment)
n Selling Restrictions : No sales into US, Japan and other selling restrictions stated on the
Red-herring / prospectus
n Board Lot : 4,000 Shares
n Lock-up Period : Controlling shareholders - 1st six-month period no sale, 2nd
Six-month no sale down to 30%
Company – 1st six-month period no new issue
Company information
n Sector : Packaging and printing
n Business : The Group is principally engaged in the manufacture and sale of corrugated paper-ware products including corrugated paper boards and corrugated carton boxes.
n Trading Record :
For the financial year ended
31 December,
For the four months ended 30 April,
2000
2001
2002
2003
HK$’000
HK$’000
HK$’000
HK$’000
Turnover
397,214
367,561
393,574
151,507
Net profit
26,738
34,406
37,460
19,792
n 2003 Forecast Net Profit : Not less than HK$53M
n Use of Proceeds : ¨ Approximately HK$15 million for the expansion of existing manufacturing facilities for corrugated carton boxes;
¨ Approximately HK$20 million for setting up of the manufacturing operations mainly for domestic PRC sales;
¨ Approximately HK$25 million for setting up of the manufacturing operations for upstream medium paper production; and
¨ The balance of for general working capital.
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