I. Basic introduction
Hongcheng Environmental Protection is a gold mine hazardous waste treatment company based in Shandong Province, China. It focuses on (i) treating hazardous waste from gold mines; and (ii) recovering and extracting economically valuable resources from it for sale. According to Frost & Sullivan's report, based on 2020 revenue, Hongcheng Environmental Protection is the second and third largest gold mine hazardous waste treatment company in Shandong Province and China respectively, accounting for about 15% and 10% of the market share respectively. Based on the amount of hazardous waste treated in gold mines, Hongcheng Environmental Protection also ranked first in Shandong Province and China. The actual processing capacity was about 1.08 million tons, accounting for about 26% and 18% of the total actual treatment volume in Shandong Province and China in 2020, respectively.
Number of shares offered: 250,000,000 shares (depending on whether the over-allotment right is exercised)
Number of shares offered: 25,000,000 shares (10%, subject to redistribution)
Number of shares placed: 225,000,000 shares (90%, subject to reallocation and depending on whether the over-allotment right is exercised)
Callback mechanism:
The public sale is insufficient and the international placement is full: the remaining amount is transferred back to the international placement.
Insufficient amount for international placement: You can call back up to 20% and must place a limited price.
The international placement amount is full and the public sale is less than 15 times overpurchased: it can be returned to no more than 20% and a limited price must be placed;
The public sale overbought 15 times or more but less than 50 times: rebate to 30%;
50 times...