On July 18th, 2018, Kinergy Corporation Ltd. (“Kinergy Corporation”; stock code: 3302.HK) was successfully listed on the Main Board of the Hong Kong Stock Exchange. First Capital Securities Limited ("FC Securities"), a wholly-owned subsidiary of China First Capital Group Limited ("CFCG"; stock code: 1269.HK), acted as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager in the listing of Kinergy Corporation in Hong Kong. Dr. Wilson SEA, the Chairman and Executive Director and Ms. Li Minwen, the Chief Operating Officer of China First Capital Group Limited (‘CFCG’, stock code: 1269.hk), were invited to attend the listing ceremony to celebrate.
Established in Singapore in 1988, Kinergy Corporation is a contract manufacturer specialised in manufacturing equipment, machines, sub-systems, precision tools, spare parts and components in the semiconductor industry. Its products are primarily purchased by (i) original design manufacturers of semiconductor process equipment (i.e. SPE, equipment used to manufacture or process semiconductors) and (ii) users of semiconductor process equipment. Our products are generally applied to form a part of SPE for the manufacture of semiconductors or applied to manufacture or process semiconductors. During the Track Record Period, the majority of its revenue was generated from manufacturing of wire bonding handling systems, an essential sub-system of a wire bonder, which is a semiconductor back-end equipment. According to the Industry Report, Kinergy Corporation is the world’s largest contract manufacturer of wire bonder handling systems in the global wire bonder handling system contract manufacturing industry in terms of revenue with a market share of approximately 49.6% in 2017.
During the listing of Kinergy Corporation, FC Securities played the important roles of the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager, a fitting testament to FC Securities’ power as a financial services provider and its management team’s expertise in commercial underwriting within the Hong Kong market.
As an international financial hub, Hong Kong has always been renowned for its transparency in listing approval, reliability in listing procedures, and accessibility to refinancing avenues. Following the introduction of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, the HKEX’s efforts at relaxing the rules on IPOs and overhauling current listing rules have opened the door to more listing opportunities for a large number of mainland start-ups to venture southward at a time when new rules such as weighted voting rights, NEEQ-listed firms listings, and H-share convertibility are in place in Hong Kong.
To maximise these emerging opportunities, FC Securities will continue to leverage the synergy achieved from its partnerships with domestic and foreign counterparts, and combine its local market know-how with resources from various worldwide financing channels through its close-knit global investment network. FC Securities has long been involved in Hong Kong IPO underwriting with major projects including: 21st Century Education, China Xinhua Education Group, Top Education Institute, China YuHua Education, Minsheng Educatio, China New Higher Education Group, Zhongyuan Bank, Postal Savings Bank of China, Luzhou Xinglu Water and Human Health Holdings e.t.c. FC Securities’ IPO projects though are not restricted to the education industry. The company strives to provide investment and financing channels for Chinese enterprises and investors who seek listings in Hong Kong and seeks to assist foreign investors participating in China's capital market. In doing so, FC Securities can play a key role in connecting the mainland market and the Hong Kong market through services such as facilitating the liquidity of international resources, promoting corporate diversification, and helping to combine the key elements between industry and finance.
