BackWithin three days of Hante’s public subscription, frozen funds exceeded 860 billion yuan, setting a new record in history

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自由时报34 minutes agoBusiness2 min readChinaView original

Within three days of Hante’s public subscription, frozen funds exceeded 860 billion yuan, setting a new record in history

Chinese test Public subscription freeze funds

Quick Look

The Hanchai public subscription ended, attracting a total of 384,717 subscription orders in three days, and freezing market funds of 865.6 billion yuan, setting a new record in history.
Only 1,048 tickets were released for subscription, and the winning rate was only 0.27%.
If you win one, you will earn about 2.7 million yuan.

AI-generated summary

Why It Matters

Hantei, a subsidiary of Hanmin Group, focuses on semiconductor testing equipment and probe card business, benefiting from the growth in demand driven by the AI boom. Its public subscription only released 1,048 shares for public subscription, which triggered a subscription boom due to the huge price difference.

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A total of more than 860 billion yuan of frozen funds was frozen in Hante’s public subscription for three days. (File photo)

[Reporter Chen Yongji/Taipei Report] The three-day public subscription of the emerging counter stock Wang Hante (7856) ended yesterday (14). According to the stock exchange's announcement today, a total of 384,717 subscription orders were attracted in the three days. Since only 1,048 tickets were released for public subscription this time, the conversion winning rate was only 0.27%.

Hanchai is expected to be listed on the OTC in late September. Since the market price per share is nearly 4,900 yuan, the price difference from the tentative underwriting price of 2,250 yuan is nearly 2,700 yuan, which is equivalent to an immediate profit of 2.7 million yuan if you participate in the public subscription. It attracted a large number of subscription orders, attracting 143,200 on the first day, 100,000 on the next day, and 141,119 on the last day yesterday. Compared with the past, the last day is usually the day with the fewest public subscription orders.

Please read on...

In the past three days, the Chinese test has attracted a total of 384,700 subscription orders. Calculated at an underwriting price of 2,250 yuan per share, a total of 865.6 billion yuan in market funds has been frozen, setting a new record in history and higher than the current one-day trading volume of Taiwanese stocks. Public subscriptions will be deducted today. If the account deposit is insufficient, you will be disqualified. The stock exchange is expected to conduct a computer lottery at 9 a.m. tomorrow (16th), and investors who do not win will be refunded on the 17th.

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.

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What to Watch

AI outlook — possibilities, not facts

Hante will be officially listed for over-the-counter trading in late September.
Very likely · Within weeks
Unsuccessful investors will receive a refund of their subscription funds on the 17th
Very likely · Within days

Open Questions

What will be the stock price performance of Hante on the first day after it is officially listed?
When will the funds for unsuccessful subscriptions be refunded?
What are Hante’s subsequent capacity expansion plans?

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Within three days of Hante’s public subscription, frozen funds exceeded 860 billion yuan, setting a new record in history

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