Abstract: Dajin is seeking to raise at least USD100m through an A+H listing. Huatai and CMS are the joint sponsors. We look at the company's three segments: foundation structures and towers. We discussed our preliminary thoughts on the company's fair value anchored by A-H premium.
Zoomlion, WEICHAI POWER, Goldwind, DAJIN HEAVY INDUSTRY, TITAN WIND ENERGY (SUZHOU), CSWIND, SHANGHAI TAISHENG WIND POWER EQUIPMENT, JIANGSU HAILI WIND POWER EQUIPMENT TECHNOLOGY, Sany Heavy
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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