Deutsche Tianxia plans to go to Hong Kong's main board to go public. It is expected to issue 543 million shares

On June 30, Capital State learned that according to the company's announcement, DeBB World Co., Ltd. (hereinafter referred to as: Deutsche World) is planned to be listed on the main board of Hong Kong, and the sponsors are CITIC Investment Investment (International) Financing Co., Ltd. Earlier, the company handed over the table on May 24, 2022. This IPO is expected to issue 543 million shares, of which 54.30 million shares were available in Hong Kong, 489 million shares were available internationally, and 81.45 million shares were extended.

The issue price range is HK $ 1.78 to HK $ 2.13 per share. The listing date is expected to be on July 15, 2022, with 1,500 shares per hand.

In terms of funds, about 37.5%of the net income will be used for the construction of digital storage and distribution networks and maintenance service networks for commercial vehicles after commercial vehicles; about 22.5%of the net income will be used for commercial vehicles after commercial vehicles The continuous construction of the market online service platform (wheel rolling online platform). The company will upgrade and develop the online platform based on existing wheels to form a unified online service platform for users; the core technical capabilities and data service capabilities of the Internet of Vehicles. About 30.0%of the net income will be used to improve the core technical capabilities and data service capabilities of the network and data service sector; about 10.0%of the net income will be used to supplement general operating funds.

Deutsche Tianxia Co., Ltd. was established on August 14, 2014. The company provides a variety of value -added services for participants in the entire industrial chain of the commercial vehicle, including logistics and supply chain services, financial services and network data services. Commercial vehicles mainly include trucks, pickups, trailers, bus and trucks. According to the Fifrrishalvan report, the entire industrial chain of commercial vehicles is generally divided into the following sectors (1) upstream (including raw material supply and spare parts manufacturing); (2) midstream (including automotive research, manufacturing, and sales); and (3 ) Downstream (including post -market product sales and vehicle financing services). The Group was founded in 2005 by Shaanxi Automobile Holding Group to provide logistics and supply chain services for commercial vehicles manufactured by Shaanxi Automobile Holding Group. According to the sales of heavy commercial vehicles in 2021, Shaanxi Automobile Holding Group is China's fourth largest commercial vehicle group, with a market share of 2021 13.8%. Since then, the company has further developed its business to provide a variety of services covering the entire industry chain of commercial vehicles.

As of December 31, fiscal 2019, fiscal 2020, and 2021, the company's revenue was 2.892 billion, 3.262 billion, and 3.127 billion yuan, and net profit was 207 million, 274 million, and 363 million yuan, respectively.

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