Tianren Group Holdings Limited (01429. hk) will be publicly available for sale from today until September 18th and is expected to be officially listed on the main board on September 29th. Tianren Group has issued a total of 400 million shares globally, of which 40 million shares will be publicly offered in Hong Kong and another 360 million shares will be placed internationally. The bidding price ranges from HKD 0.35 to HKD 0.44, with 8000 shares on hand and an admission fee of HKD 3555.448. Bowei Global served as the joint lead agent for Tianren Group's public offering, assisting Tianren Group in successfully entering the international capital market.

Tianren Group is a local enterprise in Hong Kong, mainly engaged in template engineering subcontractors. It provides traditional templates to customers through the use of wood and plywood. Its main customers are general contractors for various building construction or civil engineering projects, including property developers or general contractors hired by government or civil engineering public transportation operators.

In order to achieve business goals and enhance industry leadership and market share, the funds publicly raised by Tianren Group this time include strengthening financial capabilities to ensure access to more large-scale template engineering projects, increasing inventory of metal frame equipment and related parts, and increasing human resources to cope with business development.

Establishing good reputation in the market is crucial for a template engineering contractor. With over 20 years of industry expertise, high-quality engineering projects that comply with safety and environmental standards, and solid relationships with customers and raw material suppliers, Tianren Group has excellent reputation in the industry and is also an important competitive advantage for the company.

The company's main sources of income are building construction projects and civil engineering projects. In the fiscal years 2017 to 2020, the revenue generated was approximately HKD 404 million, HKD 415 million, HKD 505 million, and HKD 435 million, respectively. Template engineering is an important part of building construction engineering. According to the Ipsos report, due to the increasing demand for residential and commercial buildings, as well as the government's measures to increase the supply of housing in Hong Kong, the total output value of the template engineering industry in Hong Kong will steadily grow, expected to increase from approximately 5.71 billion yuan in 2020 to 5.959 billion yuan in 2023, with a compound annual growth rate of 1.5%.