Abstract: Circuit Fabology has passed its A+H listing hearing. CICC is the sole sponsor. We look at the company's core segments: PCB direct imaging equipment and semiconductor direct-writing lithography equipment. We discussed our preliminary thoughts on the company's fair value based on A-H premium.
DELTON TECHNOLOGY (GUANGZHOU), NAURA TECHNOLOGY, VGT, VICTORY GIANT TECHNOLOGY (HUIZHOU), SHENZHEN HAN'S CNC TECHNOLOGY, HANS CNC, ADVANCED MICRO-FABRICATION EQUIPMENT INC. CHINA, CIRCUIT FABOLOGY MICROELECTRONICS EQUIPMENT, Ushio, Jeol, MYCR SS
Research on Hong Kong and A+H equity offerings, from the first filing to the aftermarket. Coverage includes pre-IPO early thoughts on the business and valuation, analysis of the final deal terms and cornerstone investors, and updates as new prospectus versions are filed.
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