ContiOcean Environment Tech Group Co., Ltd. (Ticker: 2613 HK) is a China-based provider of maritime environmental protection equipment and systems, offering solutions to help shipowners reduce sulfur and greenhouse gas emissions. The company also supplies interior design services and equipment aimed at improving onboard living conditions and enhancing maritime operations. Its product suite includes marine exhaust gas cleaning systems, energy-saving devices, clean-energy supply systems, and related services. In 2023, ContiOcean ranked third among Chinese ship exhaust gas cleaning system providers and fourth globally in terms of completed and cumulative orders, according to Frost & Sullivan.
The company will list on the Main Board of the Hong Kong Stock Exchange on January 9, 2025. The IPO comprises 10 million shares, priced between HKD 31.80 and 39.80 per share, with the subscription period running from December 31, 2024, to January 6, 2025. The expected net proceeds, based on an offer price of HKD 35.80 per share, are approximately HKD 312 million (USD 46.02 million). The offering is managed by CITIC Securities and China Galaxy International, with Harvest as a cornerstone investor subscribing to shares worth USD 10 million.