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VGT

02476 · HKEX
Listed

The company is dedicated to the R&D, production, and sales of high-density printed circuit boards.

Listed

IPO Timeline

  1. OpenApr 13
  2. CloseApr 15
  3. AllotmentApr 17
  4. PaymentApr 21
  5. ListingApr 21

Key Facts

Issue Price

HKD 209.88

Min Entry Fee

HKD 21,199.63

Shares Issued

83.35M

Lot Size

100

Total Raise

HKD 17493.1M

Estimated Market Cap

Public Allocation

10.0%

International Placement

90.0%

Business Overview

The company is dedicated to the R&D, production, and sales of high-density printed circuit boards. Its main product offerings include a full range of rigid circuit boards (centered on multilayer boards and HDI) and flexible circuit boards (including single- and double-sided boards, multilayer boards, and rigid-flex hybrid boards).

Use of Proceeds

1、Approximately 74.0% or approximately HK$12,792.1 million is expected to be used for expanding production in Mainland China.

2、Approximately 7.0% or approximately HK$1,210.1 million is expected to be used for purchasing intelligent manufacturing equipment, including mSAP manufacturing equipment and other machines, to further diversify the product portfolio and maintain a competitive edge in advanced PCB technology fields.

3、Approximately 9.0% or approximately HK$1,555.8 million is expected to be used for research and development activities over a five-year period.

4、Approximately 10.0% or approximately HK$1,728.7 million is expected to be used as working capital and for general corporate purposes.

Sponsor Track Record

NamePast DealsFirst Day Avg %Break Rate %30-Day Avg %
中金香港2812.421.48.6
中信里昂199.726.35.1
建银国际146.235.71.8

Baseline updated: 2026-04-15

Intermediaries & Documents

Sponsors

  • J.P. Morgan Securities (Far East) Limited
  • China Securities (International) Corporat Limited
  • GF Capital (Hong Kong) Limited

Underwriters

  • J.P. Morgan Securities (Asia Pacific) Limited
  • China Securities (International) Corporate Finance Company Limited
  • GF Securities (Hong Kong) Brokerage Limited
  • ABCI Securities Company Limited
  • China International Capital Corporation Hong Kong Securities Limited

Prospectus PDF

Prospectus PDF

Cornerstone Investors

  • CPE Rosewood Investment Limited
  • Janchor Partners Pan-Asian Master Fund
  • Deliante Holdings Co., Ltd.
  • 香港麦逊电子有限公司
  • New Alternative Limited
  • Morgan Stanley & Co. lnternational plc
  • Foresight Global Superior Choice SPC
  • HHLR Advisors, Ltd.
  • Pinpoint Asset Management Limited
  • Tanwan lnc.
  • Tropical Terrain Limited
  • 阳光人寿保险股份有限公司
  • 涌容(香港)资产管理有限公司
  • 惠州市惠联投资合伙企业(有限合伙)
  • Greenwoods Asset Management Hong Kong Limited
  • 天弘基金管理有限公司
  • 信银(香港)投资有限公司
  • 欧万达基金管理有限公司
  • 博时基金(国际)有限公司
  • RUIHUA(INTERNATIONAL) INVESTMENT LIMITED
  • SR Wealth Securities Limited
  • Cloudview Capital Limited
  • Golden K2 Falcon
  • MY Asian Opportunities Master Fund, L.P.
  • New Golden Future Limited
  • Metazone Link (HK) Limited
  • 叶国富
  • 盈峰资本管理(香港)有限公司
  • Mirae Asset Securities Co., Ltd.
  • Jump Trading Pacific Pte. Ltd.
  • 光大理财有限责任公司
  • Wind Sabre Fund SPC
  • 盘京港景投资基金
  • 奇点资产管理有限公司
  • 鲁花道生(北京)企业管理发展有限公司
  • Mega Prime Development Limited
  • Black Dragon AP SPV1
  • HO TELECOM SINGAPORE PTE. LTD.
  • Poly Platinum Enterprises Limited

Total

0

44.7% of placement

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