Skymission Group Holdings Limited (1429) IPO, Entry Fee HK$3,555.48
Skymission Group Holdings Limited (1429) is a formwork works subcontractor in Hong Kong. Formwork is a temporary mould, which is used to support the poured concrete until it is able to maintain its shape.
The Group's projects can be categorized into building construction (which involve the erection of residential buildings, commercial buildings and/or institutional buildings) and civil engineering projects (which involve the construction of infrastructure). As at Sept 2020, the outstanding contract values of projects are 726 million.
Its customers are primarily the main contractors of various types of building construction or civil engineering projects in Hong Kong, including main contractors engaged by private property developers or developers employed by the government or public transport operators for civil engineering projects.
|No. of Offer Shares||400m shares|
|No. of Placing Shares||360m shares|
|No. of Public Offer Shares||40.00m shares|
|Offer Price||HK$0.35 - $0.44|
|Sponsor and Joint Bookrunner||Alliance Capital Partners|
|Joint Bookrunners and Joint Lead Managers||Celestial Securities, I Win Securities, Lee Go Securities|
|Joint Lead Managers||Blackwell Global Securities, Conrad Investment Services, Grand Partners Securities|
|Application Period||Sep 15 (Tue) - Noon, Sep 18 (Fri)|
|Price Determination Date||On or Before 5pm, Sep 18 (Fri)|
|Result Announcement Date||On or Before Sep 28 (Mon)|
|Dispatch of Shares and Refund Cheques||On or Before Sep 28 (Mon)|
|Dealings in Shares commence on||Sep 29, 2020. (Tue)|
Reallocation of Shares Offered
|Times of HK Offer Shares Subscription||15X - 50X||50X - 100X||Over 100X|
|% of total shares reallocated to HK Offer||30%||40%||50%|
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