2023/10/11,Maiyue Technology Co., Ltd.Division MAIYUE TECHNOLOGY LIMITED. (hereinafter referred to as”Maiyue Technology“) (02501.HK), successfully listed on the main board of the Hong Kong Stock Exchange.
Maiyue TechnologyEstablished in 2003, as a comprehensive IT solution service provider in the Guangxi education and government information technology market, it mainly focuses on providing customized integrated IT solution services to customers in the education sector and promoting the development of smart campuses. At the same time, the business model will be extended to the government sector, and the development of smart government will be assisted. According to the Frost & Sullivan Report, in 2022, in terms of revenue, Maiyue Technology's market share in the Guangxi education information technology market and government information technology market is about 1.3% and 0.08%.Maiyue TechnologyIt ranked first in the “Top 50 Most Competitive Information Technology Services in Guangxi Government Procurement” jointly published by the Government Procurement Big Data Research Institute and the Government Procurement Big Data Network in 2022.
Maiyue TechnologyThis is the IPO global sale125 million sharesThe issue price was HK$1.18 per share, and the total capital raised was approximately HK$147.5 million. Over-allotment rights will not be exercised.
According to the prospectus, in Maiyue Technology's equity structure after listing,Li Changqingteacher,Wang Yufeiteacher,Deng Caidieladies,Zhang GuangbaiMr. owns 52%, 25%, 15%, and 8%, respectivelydeep blue sea(BVI), holds 61.2% of the shares. Mr. Ye Shanmin holds 6.0% of the shares through Canwest Prots; Mr. Chan Eong Liat holds 5.625% of the shares through Million Oak; and Mr. Chua Kim Leng directly holds 2.175% of the shares.Public shareholders hold 25.00% of the shares.
Maiyue Technology (02501.HK)'s intermediary team for this IPO listing mainly includes:
Huafu Jianye is its exclusive sponsor, exclusive overall coordinator, joint global coordinator, joint bookkeeper, and joint lead manager;
Agricultural Bank International, China Galaxy International, CMB International, Guotai Junan, and Zhongtai International are their joint global coordinators, joint bookmanagers, and joint lead managers;
Civil Bank Securities, Ed Securities, Chuangsheng Securities, Huasheng Capital, and Yuexiu Securities are their joint bookrunners and joint lead managers;
KPMG is its auditor;
Zhong Lun and his recent lawyers are corporate lawyers in China, corporate lawyers in Hong Kong, and the US, respectively;
An Jie and Tong Dazhao are Chinese lawyers for their brokerage firms, Hong Kong and US lawyers respectively;
Frost & Sullivan is his industry advisor.
Link to Maiyue Technology's prospectus:
