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15 Sep

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.

SHARE OFFER

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
Board Lot 8000
Stock Code 1429
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

TIME TABLE

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%

 

 

The information cited in this article was collected by the Company from sources believed to be accurate and is for reference only. Investors should consult the company's prospectus before making an investment decision. The company is not responsible for any loss caused by trust or reference to relevant content.