Leidi.com Lei Jianping October 2
Maiyue Technology Co., Ltd. (referred to as "Maiyue Technology", stock code: "02501") recently passed the hearing and launched its IPO.
The issuance range of Maiyue Technology is from HK$1.05 to HK$1.4, with 125 million shares issued and a maximum of HK$175 million raised.
Maiyue Technology is expected to be listed on the Hong Kong Stock Exchange on October 11, 2023.
Annual revenue 243 million
Maiyue Technology is a comprehensive IT solution service provider with more than 20 years of operating history in the Guangxi education and government information market.
The prospectus shows that Maiyue Technology's revenue in 2020, 2021 and 2022 will be 207 million yuan, 200 million yuan and 243 million yuan respectively; its profits during the period will be 39.44 million yuan, 46.28 million yuan and 49.06 million yuan respectively.
Maiyue Technology's revenue in the first four months of 2023 was 8.64 million yuan, compared with 8 million yuan in the same period last year; its loss during the period was 16.88 million yuan, compared with 19.74 million yuan in the same period last year.
During the Track Record Period, Maiyue Technology's services can be divided into three segments, namely: 1. Comprehensive IT solution services; 2. Sales of hardware and/or software; 3. Independent IT services.
Maiyue Technology's revenue from comprehensive IT solution services in 2022 will be 200 million yuan, and revenue from sales of hardware and/or software will be 40.98 million yuan.
As of April 30, 2023, Maiyue Technology held cash and cash equivalents of 3.86 million yuan.
Deep Blue Ocean controls 81.6% of the shares
The executive directors of Maiyue Technology are Li Changqing, Wang Yufei, Xu Zhicong, Ms. Deng Caidi, and Zhang Guangbai; the independent non-executive directors are Hou Chang, Hu Zhongqiang, and Lin Peiqian.
Before the IPO, Deep Blue Ocean held 81.6% of the shares, Ye Shanmin held 8%, Chan Eong Liat Jason held 7.5%, and Chua Kim Leng held 2.9%.
Among them, Li Changqing holds 52% of Deep Blue Ocean's equity, Wang Yufei holds 25% of Deep Blue Ocean's equity, Ms. Deng Caidi holds 15% of Deep Blue Ocean's equity, and Zhang Guangbai holds 8% of Deep Blue Ocean's equity.
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