EDA Group Holdings (02505.HK) announced on May 19th.Avetsxj53The company plans to launch a global offering at a price ranging from HK $2.28 to HK $3.06 per share. The shares will be held at 1 per share.Avetsxj53Trading in 2000 shares is expected to commence on the Stock Exchange at 09:00 on 28 May 2024.
As an one-stop end-to-end supply chain solution provider for e-commerce sellers, the company empowers China's fast-growing B2C export e-commerce industry. According to Frost Sullivan, the company ranks sixth among all B2C export e-commerce supply chain solution suppliers in China, with a market share of about 0.5%, in terms of 2023 revenue. In 2023, the group accounted for about 0.1% of China's entire export e-commerce supply chain solution market. With a customer-centric, technology-driven and reliable commitment, the company provides supply chain solutions covering cross-border logistics, overseas warehousing and performance delivery services. these services are integrated on the easy Dayun platform, which is independently developed by the company and has built-in a series of digital supply management tools. During the track record period, most customers purchase one-stop end-to-end supply chain solutions from the company, including head-to-head international freight services and final compliance services.
Assuming that the offer price is HK $2.67 (the median of the indicative offering price range contained in this prospectus), the total number of offer shares that cornerstone investors will subscribe for will be 18.864 million offer shares, equivalent to about 19.3 per cent of the global offering shares and about 4.3 per cent of the total issued share capital of the company immediately following the completion of the global offering.
The company believes that the cornerstone placement will help enhance the company's impression and demonstrate the confidence of the investors concerned in the group's business and potential.
In fiscal year 2021, the total income of Shenzhen Yidayun Group was RMB631.9 million, and the total income of the Group in fiscal year 2022 and 2023 was RMB708.7 million and RMB1209.3 million, respectively. Shenzhen Yidayun Group recorded an annual profit of RMB46.4 million in fiscal year 2021 and an annual profit of RMB36.3 million and RMB 69.4 million in fiscal year 2022 and fiscal year 2023, respectively.
Assuming that the over-allotment option has not been exercised and the offering price is HK $2.67 per share, the company expects the net proceeds from the global offering to be approximately HK $203.0 million. The company will spend about HK $125.8 million (accounting for about 62.0% of the net proceeds from the global sale) to strengthen the company's global logistics network through the company's light asset model; the company will spend about HK $32.5 million (accounting for about 16.0% of the net proceeds from the global sale) to transform the company's Yi Dayun platform. The company will spend about HK $32.5 million (accounting for about 16.0% of the net proceeds from the global sale). To strengthen the company's market share to attract new customers and maintain relationships with core customers (that is, customers designated by the company as dedicated salespeople due to annual revenue contributions of more than RMB 3 million) The company will use about HK $12.2 million, or about 6.0% of the net proceeds from the global offering, as general working capital.