Abstract: Guangdong Dtech Technology passed hearing for an A+H listing. CITIC and HSBC are the sponsors. We look at the company's core segments: precision cutting tools and grinding and polishing materials. We discussed our preliminary thoughts on the company's fair value based on A-H premium.
CHINA TUNGSTEN AND HIGHTECH MATERIALS, DELTON TECHNOLOGY (GUANGZHOU), VGT, VICTORY GIANT TECHNOLOGY (HUIZHOU), SHENZHEN HAN'S CNC TECHNOLOGY, GUANGDONG DTECH TECHNOLOGY, HANS CNC, Union Tool, ZHUZHOU HUARUI PRECISION CUTTING TOOLS, OKE PRECISION CUTTING TOOLS, CIRCUIT FABOLOGY MICROELECTRONICS EQUIPMENT, Topoint Technology, CFMEE
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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