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To-be Listed (Grey Market Trading Session: 16:15-18:30)
Name
/
Code
Industry Listing Price Lot Size Entry Fee Phillip Grey Market Futu (HK) Grey Market
REFIRE
02570.HK
Grey Market Today
Electrical Components & Equipment Pending 20 3,333
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-
Detail Quote
Dmall
02586.HK
Grey Market Today
Application Software 30.210 100 N/A
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Detail Quote
Last update: 2024-12-04 12:30:05
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Mao Geping
01318.HK
Beauty & Toiletries Products and Services 26.3-29.8 100 3,010 2024/12/05 2024/12/09 2024/12/10
Summary
We provide various value-added services, including logistics and supply chain services, financial services and IoV data services, to players along the commercial automobile industry chain. Commercial automobiles mainly include trucks, pickups, trailers, buses and lorries.

According to Frost & Sullivan Report, the commercial automobile industry chain can generally be divided into the following sections: (1) the upstream, which includes raw material supply and components manufacturing; (2) the midstream, which includes R&D, manufacturing and sales of automobiles; and (3) the downstream, which includes sales of aftermarket products and provision of automobile financing services.

Our Group was founded by Shaanxi Holding Group in 2005 to provide logistics and supply chain services for commercial automobiles manufactured by Shaanxi Holding Group. Shaanxi Holding Group is the fourth largest commercial automobile group in the PRC in terms of sale volume of heavy commercial automobiles in 2021, with a market share of 13.8% in 2021. Subsequently, we have further developed our business to provide a variety of services covering the commercial automobile industry chain. Our business operations can be categorised into the following sectors:

‧ Logistics and supply chain service sector, including (i) supply chain business, (ii) automobile sales business, and (iii) aftermarket product business. We provide logistics services and warehousing services to upstream components suppliers and midstream commercial automobile manufacturers. We also sell commercial automobiles manufactured by Shaanxi Heavy Duty Automobile and Shaanxi Commercial Automobile, and aftermarket products such as tyres and lubricants.

We also provided third party logistics services to independent customers during the Track Record Period, which is neither a business along, nor related to, the commercial automobile supply chain. We are branching out to this new business and continue to actively expand third party logistics services and diversify our customer base. Leveraging our network, we provide logistics services to independent customers such as raw material suppliers, resources companies and express courier service providers. For further details, please refer to the section headed “Relationship with Controlling Shareholders — Independence from our Controlling Shareholders — Continued diversification forms a strong foundation base” in this prospectus. Certain third party logistics services of our Group are subject to the Advance Arrangements which may expose us to heightened credit and solvency risks.

‧ Supply chain financial service sector, including (i) financial leasing business, and (ii) factoring business. Our financial leasing business provides quality commercial automobile purchase financing solutions to a wide range of downstream commercial automobile end-users. Our factoring business also serves both the upstream components suppliers and mid-downstream logistics companies by providing trade receivable financing to meet their capital needs.

‧ IoV and data service sector, including sales of IoV-related products and provision of IoV solutions, which involve pre-installation of IoV devices on commercial automobiles and provision of IoV data analytic services and solutions to industry players.



Source: Deewin Tianxia (02418) Prospectus (IPO Date : 30/06/2022)
Listing Market MAIN
Industry Automotive Retail
Background H Shares
Major Business Area N/A
Corporate Information
Substantial Shareholders Shaanxi Automobile Group Co., Ltd. (Total share: 68.77%)
Shanghai International Trust Co., Ltd. (Total share: 7.00%); (H share: 27.63%)
SDIC Taikang Trust Co., Ltd. (Total share: 6.25%); (H share: 24.68%)
Shaanxi Heavy Duty Automobile Co., Ltd. (Total share: 5.37%)
Hainan Tiankun Tianzhi Private Equity Investment Fund Partnership (Limited Partnership) (Total share: 4.95%); (H share: 19.55%)
Hwabao Trust Co., Ltd (Total share: 2.02%); (H share: 7.98%)
Directors Guo Wancai (Chairman and Non-Executive Director)
Wang Runliang (General Manager and Executive Director)
Wang Wenqi (Deputy Chief Operating Officer and Executive Director)
Feng Min (Non-Executive Director)
Tian Qiang (Non-Executive Director)
Zhao Chengjun (Non-Executive Director)
Ip Wing Wai (Independent Non-Executive Director)
Li Gang (Independent Non-Executive Director)
Yu Qiang (Independent Non-Executive Director)
Company Secretary Liu Lulu
Chan Yin Wah
Principal Bankers China Merchants Bank
China Minsheng Banking Corp. Ltd.
Solicitors Jingtian & Gongcheng
Jia Yuan Law Firm
Auditors PricewaterhouseCoopers
Registered Office 40th Floor, Dah Sing Financial Centre, No. 248 Queen’s Road East, Wanchai, Hong Kong
Share Registrars Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No (852) 2862-8628
Internet Address http://www.deewintx.com
Email Address [email protected]
Tel No (86 29) 8606-0733
Fax No
 
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