State One has partnered with OnMarket BookBuilds to provide our clients with even more investment opportunities. In addition to the exclusive capital raisings that State One undertakes and offers to our clients, you can now take advantage of offers from OnMarket. Our association with OnMarket will allow you to bid directly on IPOs and have the shares allocated straight to your holdings at State One. Through OnMarket our clients will also be able to access free research, management interviews and get notifications on upcoming IPOs.
OnMarket is Australia’s first online platform that lets all investors buy shares in IPOs free of any fees other than the cost of the shares. Since launching in October 2015 OnMarket has hosted 1 in 3 ASX IPOs, so we are obviously excited to be able to offer our clients access to this cutting-edge platform. For each offer hosted by OnMarket you get easy bidding & payment, free independent research, and a chance to 'meet the management' via exclusive video interviews. Best of all, when you invest in IPOs via OnMarket, any shares you buy can be allocated directly to your State One Stockbroking account so you can manage your portfolio without disruption.
We will display the list of current offers from OnMarket on our website. If you see an offer that you want to invest in then click on the Bid Now button to apply for shares. You will leave State One website and be redirected to our partner's (OnMarket) bidding platform where you will need to sign up with your Holder Identification Number (HIN). If you have already signed up then you will be taken straight to the bidding page for the selected offer.
Zaige Waste Management Holdings Group (Aus) Ltd (ASX: ZGZ) is a well-established and profitable recycling business in Hebei Province, China and has been operational since 2009. Currently, the materials processed and recycled by the Zaige Business are scrap steel and waste plastics (Scrap Materials). Following the IPO the company will expand into waste tyre recycling, upgrade existing waste processing machinery and establish a waste management services business.
The Company has partnered with Waste Audit & Consultancy Services (Aust) Pty Ltd, an Australian waste management consultancy with over 25 years’ experience (Waste Audit) to establish a waste management consulting services business in China.
Generating revenues of over $192 million and net profit of $14 million, Zaige is positioned for further growth supported by China’s increasing rates of urbanisation and consumption, accompanied by a central government focus on recycling and waste management.
While the Business’s primary market is in China, the Company has strategies to expand its operations internationally, with the initial focus on expanding its business activities in Australia.
Zaige Waste Management Holdings Group (Aus) Ltd is looking to raise up to $20 million via its IPO, and will have an estimated market capitalisation of $76 million at maximum subscription. The Board intends to pay unfranked annual dividends at a minimum of 10% of NPAT.
The proceeds of the IPO will be used to:
The Company is currently focussed on the scrap steel and waste plastics business, acquiring the Scrap Materials through agreements with relevant suppliers. The Scrap Materials are procured based on an indicative purchase price that is adjusted in accordance with the prevailing market rate of the relevant Scrap Material.
Steel Scrap Materials
The steel Scrap Material is processed at the Processing Site and converted into crushed steel pellets and steel sheets, which are classified as either heavy duty, medium duty or light duty. The steel sheets can be cast in different sizes; allowing them to be conveniently transported, and are of a higher quality than other scrap steel because the processing technique employed by Zaige removes the impurities from the scrap steel.
Plastic Scrap Materials
The plastics Scrap Material is first flattened and processed at the Zaige processing facilities, before being converted into plastic chips and plastic granules. These plastic chips and plastic granules can be sold directly to customers, or formed into plastic industrial products such as packing boxes and pipes, at the Processing Site. The plastics Scrap Material can be processed and converted into Finished Products within 8-10 days
The Company’s income will be derived from sales of the Finished Products thorough 118 Sales Agreements. Under the Sales Agreements, the Finished Products are sold to the Purchasers based on an indicative purchase price that is adjusted in accordance with the prevailing market rate of the relevant commodity from which the Finished Product is produced.
Zaige is led by an executive team with extensive skills and experience in both business operations and governance. The Board has a broad base of experiences covering operational, technical, corporate and commercial backgrounds spanning a number of decades across a range of different industries. Key personnel include:
As set out in Section 6 of the Prospectus, Zaige Waste Management Holdings Group (Aus) Ltd is subject to a range of risks, including but not limited to reliance on key suppliers, regulatory risks, fluctuations in price of commodities and changing market trend.
Section 734(6) disclosure: The issuer of the securities is Zaige Waste Management Holdings Group (Aus) Ltd ACN 619 357 069. The securities to be issued are ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).