02489 集海資源
PERSISTENCE RES
PERSISTENCE RES
| Listing Date | 2023/12/22 |
| Listing Price | 0.550 |
Subscription Result
- Subscription Rate8.76x
- Guarantee One Lot Size9 lot
- One Lot Success Rate60%
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IPO Detail
COMPANY PROFILE
Persistence Resources Group is a gold exploration, mining and processing company established and located in Yantai city of Shandong Province in China. It sells gold bullion derived from gold concentrate processed.
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According to Report, the Group was the third largest gold mining company in the Shandong Province in 2022 with a market share of 2.6% in terms of mine production volume but the top two players have an aggregated market share of approximately 78.3% in terms of gold mine production volume.
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The Group operate two operating gold mines, namely, the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine and operate an ore processing plant with an annual ore processing capacity of approximately 2,000 kt.
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The Group’s principal product is gold bullion of Au99.95. Since 2021, it only has one customer, namely, Shandong Guoda.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Gold & Precious Metals |
| Major Business Area | China |
| Board Lot | 5000 |
GLOBAL OFFERING
| No. of Offer Shares | 500.00M shares |
| No. of International Offer Shares | 450.00M shares |
| No. of HK Offer Shares | 50.00M shares |
| Offer Price | $0.55 - $0.75 |
| Stock Code | 2489 |
| Sponsor(s) | Innovax Capital Limited |
| Underwriter(s) | Innovax Securities Limited, CCB International Capital Limited, Zhongtai International Securities Limited, ABCI Securities Company Limited, BOCOM International Securities Limited, SPDB International Capital Limited, Citrus Securities Limited, Quam Securities Limited, Valuable Capital Limited, CMBC Securities Company Limited, First Shanghai Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited, ZMF Asset Management Limited, China Sunrise Securities (International) Limited, Astrum Capital Management Limited, Yue Xiu Securities Company Limited, Eddid Securities and Futures Limited, Pacific Foundation Securities Limited, SBI China Capital Financial Services Limited, Elstone Securities Limited |
TIME TABLE
| Application Period | Dec 14 (Thu) - noon, Dec 19 (Tue) |
| Price Determination Date | Dec 20 (Wed) |
| Result Announcement Date | On or before Dec 21 (Thu) |
| Result Announcement Date | On or before Dec 21 (Thu) |
| Result Announcement Date | On or before Dec 22 (Fri) |
| Dealings in Shares commence on | Dec 22, 2023. (Fri) |
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% |
Sales Statistics (HKD)
| Offer Price | $0.55 - $0.75 |
| Capitalization | 1.10B - 1.50B |
| NAV / share ($) | $0.38 - $0.43 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 0.65, the net proceeds raised would be HKD 265.00M, of which |
| 20.4% : Further construction of mining infrastructure |
| 2% : Upgrade of gold reserves |
| 55% : Selective acquisitions |
| 12.6% : Repayment of existing bank loans |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).