02597 訊眾通信
XUNZHONG
XUNZHONG
| Register Close | 2025/07/04 IPO Closing Tomorrow |
| Listing Date | 2025/07/09 |
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IPO Detail
COMPANY PROFILE
Beijing Xunzhong Communication Technology Co was established in 2008 and principally engaged in providing cloud-based communication solutions and related services in PRC. The Group’s services and solutions are dedicated to making communications easier, and have been widely applied in the internet, software services, information technology and financial industries in China.
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The Group’s business segments and the principal services and solutions which it offers: Cloud-Based Communications Services; Project-Based Communications Solutions; and Other communications services and accessories. Communications Platform as a Service, also known as CPaaS, is at the core of the Group’s business; in addition, it offers Contact Center Software as a Service, also known as Contact Center SaaS.
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The Group is a cloud-based communication service provider ranked third in China by revenue in 2024. The Group’s market share represented 1.8% of the total revenue of China’s cloud-based communications services market in 2024. The Group was one of the first providers of cloud-based communications services in China, and was one of the few providers in China capable of delivering AI-driven communications services, according to the report.
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As of December 31, 2024, the Group have registered 7 invention patents and 201 software copyrights. The Group’s major customers mainly comprised technology service providers, software and information technology companies, and a telecommunications operator.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 30.44M H shares |
| No. of International Offer Shares | 27.40M H shares |
| No. of HK Offer Shares | 3.04M H shares |
| Offer Price | $13.55 - $15.15 |
| Stock Code | 2597 |
| Sponsor(s) | DBS Asia Capital Limited, China Securities (International) Corporate Finance Company Limited, Guoyuan Securities Brokerage (Hong Kong) Limited, CMBC Securities Company Limited, BOCI Asia Limited, China Industrial Securities International Capital Limited, Central China International Securities Co., Limited, Fosun International Securities Limited, ICBC International Securities Limited, Zinvest Global Limited, Huafu International Securities Limited, Winbull Securities International (HK) Limited, Long Bridge HK Limited, ZH Securities Limited |
| Underwriter(s) | -- |
TIME TABLE
| Application Period | Jun 30 (Mon) - noon, Jul 04 (Fri) |
| Price Determination Date | Jul 07 (Mon) |
| Result Announcement Date | On or before Jul 08 (Tue) |
| Result Announcement Date | On or before Jul 08 (Tue) |
| Result Announcement Date | On or before Jul 09 (Wed) |
| Dealings in Shares commence on | Jul 09, 2025. (Wed) |
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 | $13.55 - $15.15 |
| Capitalization | 1.65B - 1.84B |
| NAV / share ($) | $10.58 - $10.97 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 14.35, the net proceeds raised would be HKD 391.00M, of which |
| 45.4% : Improvement and development of services and solutions |
| 15.6% : Expand sales channels |
| 16.2% : Used for acquisition in China |
| 12.8% : Repay outstanding loans |
| 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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*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).