First Capital Securities Limited assisted Sanergy Group Limited (2459.HK) in its successful listing in Hong Kong


Abstract: First Capital Securities Limited serves as Joint Global Coordinators (JGC), Joint Bookrunners (JBR) and Joint Lead Manager (JLM).

Sanergy Group Limited (Sanergy Group for short, stock code: 2459.HK), a global manufacturer of UHP graphite electrodes has commenced trading of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) on January 17th, 2023.

First Capital Securities Limited (First Capital Securities for short), a subsidiary of China First Capital Group Limited (First Capital for short, Stock Code: 1269.HK), serves as JGC, JBR and JLM. In the process of stock global offering of Sanergy Group, First Capital Securities gives full play to First Capital financial platform’s own and industries’ resource endowment, proactively coordinates with brokers and global investors to take part in global offering stock subscription, develops new shares assignment and registration as well as plays a role in lead underwriter, successfully assists in IPO of Sanergy Group.

On its first day of trading in Hong Kong, Sanergy Group shares opened at HK$1.68, which is 5% higher than the offer price. Meanwhile, early trading gained 5% and stock price reached a maximum of HK$1.94. The announcement shows that Sanergy Group issued around 17.2 billion stock, price of which reached HD$1.6, net financing was 18.7 billion HKD.

Sanergy Group, as a global manufacturer of UHP graphite electrodes, has a worldwide customer base in over 25 countries, comprising major global EAF steel manufacturers in Americas, EMEA, APAC and the PRC that sell their products to the automotive, infrastructure, construction, appliance, machinery, equipment and transportation industries. 

EAF is regarded as a core pillar of decarbonisation to complete ‘‘super-low-emission’’ renovations within the steel industry, and the high quality UHP graphite electrode, offered by Sanergy Group is a key industrial material to EAF steel manufacturer. 

According to the F&S Report, Sanergy Group ranked seventh among the global UHP graphite electrode manufacturers in 2021 with a market share of approximately 1.4%, and ranked fourth in the UHP graphite electrode manufacturers in the PRC in 2021 with a market share of approximately 7.1%, in terms of production volume.

In recent years, First Capital Securities Limited has assisted many companies’ listing in Hong Kong, which are companies in mainland China, Hong China, Singapore, Australia. For example, Postal savings bank of China, Zhongyuan Bank,  Rizhao Port, Human Health, China Jindian,  Luzhou Xinglu Water, Kinergy Corporation, Shanshan International, DaFa Properties, United Strength Power. In addition, there are also education groups like  New Higher Education, Minsheng Education, China Xinhua Education, China Yuhua Education,  China 21st Century Education, China Vocational Education, Bojun Education, Scholar Education, China Chunlai Education, Chen Lin Education, BExcellent Group, Top Education and so forth.

First Capital utilizes diversified financial service licenses and perfect financial service system to strengthen cooperation among business units such as investment banking, securities, asset management, and research, innovate and upgrade product and service systems, enrich and optimize product varieties and combinations, enhance business synergy and linkage between Hong Kong and the Mainland. Moreover, First Capital also adheres to the differentiated and characteristic development route, and carefully refines and expands characteristic financial services, relying on subsidiaries, First Capital Securities Limited, First Capital International Holdings Limited and First Capital Asset Management Limited.

In the future, First Capital will continue to uphold the service concept of "all for the sake of customers", relies on Hong Kong's strong position as an international financial center, firmly grasps the historical opportunity of the development of the Guangdong-Hong Kong-Macao Greater Bay Area and national rejuvenation, dedicated to listing financing in Hong Kong for global customers and provides diversified and customized professional financial services for investors around the world.