// Company Overview //
| Stock Name | 德翔海运 |
|---|---|
| Stock Code | 02510 |
| Company Full Name | 德翔海运 |
| Industry | 貨運物流 |
| Principal Activities | 公司是一家專注于亞太地區且發展迅速并最具盈利能力的貨柜航運公司之一。 |
| Listing Date | 2024-11-01 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | No data |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 臺灣臺北市敦化北路167號6樓 |
| Business Address (Hong Kong) | No data |
| Place of Incorporation | No data |
| Listing Method | No data |
| Listing Board | Main Board |
| Website | https://www.tslines.com/hk |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
// Offering Information //
| Offering Mechanism | 机制A(旧) |
|---|---|
| Clawback Tiers | 因超购12.1倍（不足15倍），未触发回拨，维持10.0% |
| Prospectus Date | 2024-10-24 |
| Offer Price | HK$ 4.18 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 30,000 shares |
| Entry Threshold | HK$ 125,400 |
| Par Value | No data |
| Global Offering Shares | 250,940,000 |
| HK Public Offering Shares | 25,094,000 (10.0%) |
| International Placing Shares | 225,846,000 (90.0%) |
| Offer Ratio | No data |
| Total Shares Post-IPO | No data |
| Total Global Offering Size | HK$ 1,048,929,200 |
| Public Offering Size | HK$ 104,892,920 (10.0%) |
| Oversubscription Multiple | 12.1x |
| Valid Applications | 6,861 |
| Accepted Applications | 3,024 |
| Reallocation | No |
| Total Funds Raised | HK$ 104,892,920 |
| Greenshoe (Over-allotment Option) | No |
| Final Public Offering Share | 10.0% |
// Valuation & Financials //
| Market Cap (at Offer Price) | HK$ 0 |
|---|---|
| Pre-IPO Valuation (Last Round) | No data |
| P/E Ratio | 42.83 |
| Profit/Loss Status | No data |
| Period-End Cash Balance | No data |
| Listing Expenses | ~HK$ 108,020,000 |
| Listing Expenses / Funds Raised | No data |
| Total Pre-IPO Investment | No data |
// First Day Performance
| First Day Close | Loading... |
|---|---|
| First Day Open | HK$ 4.18 |
| First Day Change | -1.91% |
| First Day Volume | 44695000.0 |
| First Day Turnover | 185626000.0 |
// Price Chart //
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// Use of Proceeds
| Use of Proceeds | 1、約75.0%或672.0百萬港元將用于于2024年4月訂購的兩艘7,000 TEU新船舶及訂立的船舶租賃合約； 2、約15.0%或134.4百萬港元將用于租用貨柜； 3、約10.0%或89.6百萬港元將用于營運資金及其他一般公司用途。 |
|---|
// Underwriting Syndicate //
联席保荐人 (2)
J.P. Morgan Securities (Far East) Limited
招商证券（香港）有限公司
保荐人兼整体协调人 (2)
J.P. Morgan Securities (Asia Pacific) Limited
招商证券（香港）有限公司
整体协调人 (2)
J.P. Morgan Securities (Asia Pacific) Limited
招商证券（香港）有限公司
联席全球协调人 (2)
J.P. Morgan Securities (Asia Pacific) Limited
招商证券（香港）有限公司
联席账簿管理人 (5)
J.P. Morgan Securities (Asia Pacific) Limited
招商证券（香港）有限公司
富途证券国际（香港）有限公司
元大证券（香港）有限公司
利弗莫尔证券有限公司
联席牵头经办人 (5)
J.P. Morgan Securities (Asia Pacific) Limited
招商证券（香港）有限公司
富途证券国际（香港）有限公司
元大证券（香港）有限公司
利弗莫尔证券有限公司
资本市场中介人 (5)
J.P. Morgan Securities (Asia Pacific) Limited
招商证券（香港）有限公司
富途证券国际（香港）有限公司
元大证券（香港）有限公司
利弗莫尔证券有限公司
// Service Providers //
| Role | Institution |
|---|---|
| 本公司法律顾问 |
安理谢尔曼思特灵律师事务所 海问律师事务所 国际通商法律事务所 Kim & Chang 霍金路伟律师行 |
| 保荐人/包销商法律顾问 |
史密夫斐尔律师事务所 金杜律师事务所 |
| 核数师兼申报会计师 | 毕马威会计师事务所 |
| 行业顾问 | 德路里航运咨询有限公司 |
| 收款银行 | 招商永隆银行有限公司 |
// Cornerstone Investors //
Allotment Results Announcement
| # | Investor Name | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|
| 1 | 環世物流控股香 | 23,921,000 | 9.53% | 1.45% | — | — |
// Directors & Management //
| Chairman | 陳德勝 |
|---|---|
| Company Secretary | 陳仲基 |
No director data available.
// Major Shareholders //
| Major Shareholders & Holdings | Vision Investments Limited(37.49%),Prevalence Holding Limited(10.71%),TS Investment Limited(9.82%),Providence Holding Limited(8.48%),AM Holding Limited(8.48%),Kentship Holding Limited(5.92%) |
|---|
// Allotment Benchmarks //
Pool A (Small Subscriptions)
| Shares Applied | Applicants | Allottees | Expected Lots |
|---|---|---|---|
| 30,000 | 120 | 120 | 0.05 |
| 35,000 | 54 | 54 | 0.06 |
| 40,000 | 195 | 195 | 0.07 |
| 45,000 | 38 | 38 | 0.08 |
| 50,000 | 152 | 152 | 0.09 |
| 60,000 | 80 | 80 | 0.11 |
| 70,000 | 41 | 41 | 0.12 |
| 80,000 | 65 | 65 | 0.14 |
| 90,000 | 36 | 36 | 0.16 |
| 100,000 | 183 | 183 | 0.18 |
| 150,000 | 90 | 90 | 0.26 |
| 200,000 | 89 | 89 | 0.35 |
| 250,000 | 68 | 68 | 0.44 |
| 300,000 | 29 | 29 | 0.53 |
| 350,000 | 27 | 27 | 0.61 |
| 400,000 | 28 | 28 | 0.69 |
| 450,000 | 21 | 21 | 0.78 |
| 500,000 | 24 | 24 | 0.86 |
| 600,000 | 10 | 10 | 1.03 |
| 700,000 | 5 | 5 | 1.20 |
| 800,000 | 1 | 1 | 1.37 |
| 900,000 | 6 | 6 | 1.54 |
| 1,000,000 | 36 | 36 | 1.71 |
Offer Ratio
Allotment Benchmarks
