Bowei Smart intends to go to the main board of Hong Kong to go public, and it is expected to issue 125 million shares

On June 29, Capital State learned that according to the company's announcement, Bowei Smart Technology Co., Ltd. (hereinafter referred to as: Bowei Wisdom) plans to be listed on the main board of Hong Kong, and the sponsor is China Tonghai Enterprise Financing Co., Ltd. Earlier, the company delivered the table on June 9, 2022. This IPO is expected to issue 125 million shares, of which 1250 million shares were available in Hong Kong.

The issue price range is HK $ 1.08 to HK $ 1.26 per share. The listing date is expected to be on July 15, 2022, with 2000 shares per hand.

In terms of funds, 30.4%of them are used to provide all or part of the funds for the preliminary costs (excluding employee costs) of the IT solution projects of the two enterprises; 43.8%are used for (i) The geographical coverage of the enterprise IT solution business, and (ii) establish a comprehensive operation center to provide custody services to grasp the business opportunities of the Greater Bay Area; 15.8%is used to strengthen the company's product development capabilities; 10.0%are used as operating funds and general enterprises use.

Bowei Smart Technology Co., Ltd. was established on February 18, 2021. The company's headquarters is located in Macau and is the leading company in the Macau IT solution market. In the company's business history of more than 10 years, the company has been committed to providing customers with reliable, end -to -end and high -quality enterprise IT solutions. The company enjoys its reputation for designing, constructing and establishing a comprehensive IT solution for customers in many industries in Macau. In addition, the company is engaged in distribution and resale hardware and software. The company conducts a distribution business in Hong Kong and carries out sales in Macau. The company's customer portfolio includes telecommunications, media and technology, gaming and hotel global well -known enterprises or institutions and public departments.

According to the information of Fhstana, and according to the income, the company ranked first in the IT solution market in Macau, accounting for 25.8%of the market share in 2021. During the track record period, the company is one of the few IT service providers with technical capabilities and resources in Macau, providing comprehensive end -to -end solutions for customers in Macau.

As of December 31, fiscal 2019, fiscal 2020, and 2021, the company's revenue was 503 million, 475 million, and HK $ 534 million, respectively, with net profit of 25.219 million, 29.858 million, and HK $ 24.03 million, respectively.

- END -