02483 Ｋ ＣＡＳＨ集團
K CASH
K CASH
| Listing Date | 2023/12/05 |
| Listing Price | 1.800 |
Subscription Result
- Subscription Rate18.93x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
K Cash Fintech Corporation Limited is the fourth largest licensed money lender in Hong Kong in respect of the overall unsecured loan business. In 2015, it introduced Video Teller Machines or VTMs, which are digital teller machines that provide loan drawdown and repayment services. The Group also launched online lending portal, and are committed to maintaining high ethical standards and technologically advanced credit assessment models and risk management systems through fintech application.
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The Group offers unsecured credit access through fintech, including loan application, credit assessment, drawdown and loan repayment. The Group loan products can be classified into three categories: Unsecured Property Owner Loans、Personal Loans and SME Loans. Its principal source of revenue is interest income generated from the loans provided to borrowers.
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In terms of the entire unsecured loan market (comprising of authorised institutions and licensed money lenders) and the licensed unsecured money lenders market in Hong Kong, The Group market share in terms of revenue is approximately 0.15% and 3.6% in 2022, respectively.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Other Financials |
| Major Business Area | Hong Kong |
| Board Lot | 2000 |
GLOBAL OFFERING
| No. of Offer Shares | 125.00M shares |
| No. of International Offer Shares | 87.50M shares |
| No. of HK Offer Shares | 37.50M shares |
| Offer Price | $1.64 - $1.96 |
| Stock Code | 2483 |
| Sponsor(s) | Ping An of China Capital (Hong Kong) Company Limited, DBS Asia Capital Limited |
| Underwriter(s) | DBS Asia Capital Limited, China PA Securities (Hong Kong) Company Limited, CCB International Capital Limited, Elstone Securities Limited, Valuable Capital Limited, Eddid Securities and Futures Limited, Zhongtai International Securities Limited, Innovax Securities Limited |
TIME TABLE
| Application Period | Nov 27 (Mon) - noon, Nov 30 (Thu) |
| Price Determination Date | Dec 01 (Fri) |
| Result Announcement Date | On or before Dec 04 (Mon) |
| Result Announcement Date | On or before Dec 04 (Mon) |
| Result Announcement Date | On or before Dec 05 (Tue) |
| Dealings in Shares commence on | Dec 05, 2023. (Tue) |
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 | $1.64 - $1.96 |
| Capitalization | 820.00M - 980.00M |
| NAV / share ($) | $1.65 - $1.72 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 1.80, the net proceeds raised would be HKD 182.50M, of which |
| 16.8% : Enriching technology capabilities |
| 73.2% : Expanding loan portfolio |
| 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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Listing --Offer Price︰--
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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).