China Tower is seeking for an USD 8.7 billion IPO in Hong Kong, the biggest globally in four years. It is expected to debut on the Hong Kong exchange on 8 August 2018, with pricing of each IPO share slated to be out on 1 August 2018. 43.1 billion shares will be offered globally at a range of HKD 1.26 to HKD 1.58 (USD 0.16 to USD 0.20) for each share.
China Tower is the world’s largest telecommunications tower infrastructure service provider. In 2017, China Tower was ranked first amongst the global telecommunications tower infrastructure service providers in terms of the number of sites, number of tenants and revenue. At end-2018, China Tower’s sites were spread across 31 out of 34 provinces in China; with a market share of approximately 96.3% in terms of the number of sites, and 97.3% in terms of revenue.
China Tower generates its revenue mainly from its tower business and Distributed Antenna System (DAS) business. During 2015 - 2017, a substantial amount of operating revenue was generated from China’s Big Three Telecommunications Service Providers - China Mobile, China Unicom and China Telecom; with operating revenue increasing by 22.6% from RMB 55,997 million in 2016 to RMB 68,665 million in 2017. Operating profit margin grew from 9.1% in 2016 to 11.2% in 2017.
How to apply for the China Tower IPO?
Customers will be able to subscribe to the IPO public tranche if they fulfil the following criteria:
· Minimum subscription of SGD200k (minimum size of 800,000 shares for this China Tower IPO application)
· Customers must sign the irrevocable form.
Please contact me at 90400848 or email to lionellimtp@phillip.com.sg if you are interested.
