More than 30,000 unqualified items were removed from the Hanchai public subscription, and the winning rate increased to 0.29%
Quick Look
- A total of 384,717 applications were received in the three days of public subscription in the Chinese Testing.
- 31,370 unqualified orders were eliminated due to insufficient account balances.
- Qualified purchase orders dropped to 353,347, and the winning rate increased from 0.27% to 0.29%.
AI-generated summary
Why It Matters
Hante, a company under Hanmin Group, specializes in semiconductor testing equipment and probe cards. Benefiting from the AI boom, its revenue in the first half of this year was 2.185 billion yuan, an annual increase of 114.5%, and its net profit after tax was 584 million yuan, an annual increase of 389.36%.
[Reporter Chen Yongji/Taipei Report] The winning rate of the public subscription of emerging stock Wang Hanchai (7856) has increased again! The stock exchange announced this morning (16) that the total number of qualified public subscription orders in the three days of Chinese testing was 353,347, which was more than 30,000 less than the preliminary purchase orders announced yesterday. Apparently, the number of unqualified orders exceeded 30,000, driving the winning rate to increase from 0.27% to 0.29%.
Hanchai is expected to be listed on the OTC market in late September. Since the market price per share is nearly 4,800 yuan, the price difference from the tentative underwriting price of 2,250 yuan is more than 2,500 yuan, which is equivalent to an immediate profit of 2.5 million yuan if you participate in the public subscription. It attracted a large number of purchase orders, attracting 143,200 on the first day, 100,000 on the next day, and 141,119 on the last day yesterday. A total of 384,717 purchase orders were attracted in the three days.
However, yesterday was the deduction day for investors to publicly subscribe to the Chinese test. The account must have more than 2.25 million yuan to be a qualified subscription. Therefore, the statistical results show that 31,370 transactions were excluded due to lack of qualifications, which should be due to insufficient account balance.
The Hanchai public subscription will be conducted on the stock exchange at 9 a.m. today (16th) through a computer lottery. Investors who are not drawn will be refunded on the 17th. Nearly 800 billion yuan of funds frozen in the market will be released tomorrow, which will help the capital momentum of Taiwan stocks.
Hante is affiliated to Hanmin Group and has always had the ability to create high-priced stocks. This time Hante focuses on semiconductor testing equipment, probe cards and other businesses, riding on the AI boom. In the first half of this year, its revenue was 2.185 billion yuan, an annual increase of 114.5%, with a gross profit margin of 54.88%. After-tax net profit was 584 million yuan, an annual increase of 389.36%, and EPS reached 21.5 yuan.
Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube Channel
What to Watch
AI outlook — possibilities, not facts
Hante will be listed for trading on the securities over-the-counter trading center in late September.
Very likely · Within weeks
Investors who are not selected will receive refunds on the 17th
Very likely · Within days
Nearly 800 billion yuan of funds frozen in the market will be released tomorrow
Very likely · Within days
Open Questions
- What was the stock price performance of Hante on the first day after it was officially listed on the OTC market?
- Will the 31,370 items eliminated from public subscriptions be transferred to over-the-counter transactions or wait for the next wave of subscription opportunities?
