Article
Article
Publish date: 21 March 2024
Deloitte China assisted the listing of Migao Group Holdings (Migao Group, stock code: 09879.HK) on the Stock Exchange of Hong Kong (SEHK) on 21 March 2024. This is the 1st new listing Deloitte China has supported in the Year of Dragon.
Migao Group offered approximately 225 million shares at HKD4.08 each, raising about HKD918 million.
(from left) Kyle Zhou, Deloitte China Audit and Assurance (A&A) manager; Paul Yue, Risk Advisory associate director; Charles Ellis, Risk Advisory partner; Benjie Chan, Western Region Offering Services partner of Capital Market Services Group (CMSG); Samuel Shen, Assistant of Chairman of Migao Group; Allen Lau, CMSG’s National leader; Guocai Liu, Chairman of Migao Group; Sherry Yee, A&A partner; Jack Li, A&A partner; Ernest Lee, Technical partner and a member of the Listing Committee of the Stock Exchange of Hong Kong; Winnie Shek, Tax partner; Carrie Lau, Technical partner; Joy Xie, A&A manager; Olina Ouyang, A&A senior manager; and Tony Cheng, Tax senior manager attend the listing ceremony of Migao Group
(from left) Allen Lau, CMSG’s National leader of Deloitte China; Guocai Liu, Chairman of Migao Group; Jack Li, A&A partner; and Samuel Shen, Assistant of Chairman of Migao Group attend the listing ceremony of Migao Group
Migao Group is a national potash fertiliser company in China with sourcing and procurement, processing and manufacturing capabilities selling various potash fertiliser products, including KCL (potassium chloride), SOP (potassium sulphate), NOP (potassium nitrate) and compound fertilisers. Migao Group develops and provides tailor-made potash fertiliser products for customers according to their planting environment to satisfy their diverse and specific needs. It is also capable of providing KCL, SOP and NOP with various specifications and specialty compound fertilisers applicable to various types of crops such as tobaccos, chillis, fruits, tea leaves and vegetables. It can also provide customised compound fertiliser according to its customers’ needs.
Source: Migao Group’s IPO prospectus published on 13 March 2024
Deloitte China has served Migao Group for many years. After the listing engagement for Migao Group was initiated, Deloitte China promptly established a multi-disciplinary engagement team with members from Audit & Assurance (A&A), Technical, Tax Review and Risk Advisory.
The engagement team provided consistent and professional services at each stage of the listing work, leveraging their wealth of professional experience in serving Migao Group to help it list in the Hong Kong capital market successfully.
Deloitte China congratulates Migao Group on its successful listing on the SEHK. We will continue to provide high quality professional services and outstanding resources integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.