KUALA LUMPUR (Jan 14, 2013): China Automobile Parts Holdings Ltd (CAP), enroute to a listing on the Main Market of Bursa Malaysia on Jan 30, will focus on solidifying its presence in China and expanding its distribution to inner Mongolia, Ningxia, Gangsu and Xinjiang provinces.
CAP is expected to undertake preliminary studies to identify business opportunities in the four provinces in the first half of this year and embark on promoting and distributing its products in the second half of 2013.
Based in Fujian Province, CAP is principally involved in the manufacturing of automobile chassis components, namely wheel-hub bolts, wheel axles, steel pins, u-bolts and torque-rod bushings for heavy automobiles.
About two-third of its products are currently distributed in 17 provinces in China and one-third is exported to Southeast Asia, the Middle East and South Africa via eight trading houses.
“Presently, our plans to set up manufacturing facilities are still focused in the Chinese market. We’ve not considered other markets yet,” its managing director Terry Li told a press conference after the launch of its prospectus here on Friday.
Earlier, its chairman Datuk Seri Dr Jalaluddin Abdul Rahim said any plans for the auto chassis components manufacturer to build a factory in Malaysia may be part of a longer term plan.
Li said CAP is confident of entering the Malaysian market despite lackluster share performance of eight other listed China-based companies here.
“We can’t comment on other companies but our products have been distributed in Malaysia for seven to eight years and they’ve been well accepted. Besides, investors are familiar with this counter and in the future, we believe we should achieve a good financial performance.”
He added that CAP will establish a representative office in Malaysia within six months.
CAP, which expects to raise RM61.2 million from its initial public offering (IPO), is allocating RM25 million to expand its production centre; RM6.1 million to increase its production capacity; RM6 million for marketing and branding; RM16.9 million for working capital and the remaining RM7.2 million for its listing expenses.
It is issuing 90 million new shares at an offer price of 68 sen per share of while 30 million will be made available to the public via balloting while the remaining 60 million shares are earmarked for private placement to selected investors. CAP’s substantial shareholder China Automobiles Parts (BVI) Co Ltd is also making an offer of sale of up 60 million shares to selected investors via private placement.
Upon listing, CAP will have a market capitalisation of RM408 million.
Apart from selling products under its own brands, the group also undertakes manufacturing of original equipment manufacturer (OEM)-specification products. Its proprietary-branded products under ‘PL’, ‘Lidun’, ‘Suoli’ are sold in the domestic market, whereas export-designated sales are for aftermarket OEM-specification products.
SOURCE: The Sun Daily（吉隆坡11日讯）即將於1月30日上市大马股市主板的中国汽车零件控股（China Automobile Parts），计划筹集6千120万令吉用於营运资金及扩张生产规模等，並放眼扩张其中国的业务至甘肃、內蒙古、新疆、寧夏等省，维持业內领导地位。
该公司董事经理李国清表示，他们非常看好正蓬勃发展的大马股市，並视大马为区域资金市场枢纽，藉由首次公开售股计划（IPO）將可筹资满足未来业务扩充需求，进而支撑业务持续成长。
他说，公司主要业务乃生產及供应用於维修或改装重型车辆零件，目前活跃於中国17个省份，並透过出口仲介行销至东南亚、中东和南非等地，未来放眼扩张其中国的业务至甘肃、內蒙古、新疆、寧夏等新市场。
“同时，我们也计划继续强化设备和技术更新，以维持在领域的领先地位。＂
至於会否在大马设厂，李国清认为，公司现专注巩固中国市场，暂无相关计划，但不排除长期可能。
目前，中国业务贡献其盈收三分之二，海外市场业务贡献仅三分之一。
中国汽车零件计划通过上市计划筹得6千120万令吉资金，其中2千500万令吉用作设立生产中心、1千690万令吉为营运资金、610万令吉用於扩展生产规模、600万令吉用作宣传和品牌建立、720万令吉用於上市开销。
他表示，公司在中国的业务稳健，进驻大马市场也有8年，相信能交出亮眼的业绩。
同时，公司会在6个月內，在大马设立客服中心，以服务本地的客户及建立良好的投资者关系。
派息政策方面，他说，公司计划將2013和2014财政年將20%净利充作派息用途。
中国汽车零件上市招股摘要：
公开发售：9千万股
私下配售：6千万股
大马公眾：3千万股
献售：6千万股
首次公开售价：68仙
（星洲日报／財经）
