Deloitte China assists listing of ContiOcean on SEHK

Deloitte China supported the listing of ContiOcean Environment Tech Group Co. (ContiOcean, stock ticker: 02613.HK) on the Stock Exchange of Hong Kong (SEHK) on 9 January 2025.

ContiOcean offered about 10 million H shares at HKD31.8 each, raising around HKD318 million.

(From left) Flora Dai, Deloitte China's Audit & Assurance (A&A) manager; Ernest Lee, Deloitte China Technical partner and a member of the Listing Committee of the SEHK; Simone Li, A&A partner; Jeff Mou, Lead Client Service partner of ContiOcean IPO engagement; Dick Kay, National Offering Services leader of the Capital Market Services Group; Laurence Shu, Chief Financial Officer and Company Secretary of ContiOcean; Zhou Yang, Executive Director and Chairman of the Board of ContiOcean; Zhao Mingzhu, CEO of ContiOcean; Jerry Chen, Chief Technology Officer of ContiOcean; Chen Rui, Executive Director and Secretary to the Board of ContiOcean; Jerry Yang, Deloitte China's A&A partner; Rossana Ley, National A&A leader; and William Lu and Albert Zhang, A&A managers attend the listing ceremony of ContiOcean

(From left) Flora Dai, Albert Zhang, Simone Li, Laurence Shu, Jerry Yang and William Lu attend the listing ceremony of ContiOcean

Client overview

ContiOcean is a PRC-based maritime environmental protection equipment and system provider serving customers from different regions across the globe. ContiOcean ranked 3rd among ship exhaust gas cleaning system providers based in China and 4th among all ship exhaust gas cleaning system providers in the world in terms of the volume of total number of completed orders in 2023 and cumulative on-hand orders as of 31 December 2023 for ship exhaust gas cleaning systems, according to Frost & Sullivan.

Source: ContiOcean’s IPO prospectus published on 31 December 2024

Deloitte’s role

As a core service institution, Deloitte China has been deeply involved in the entire process of offering reporting, fundraising and listing of this IPO. Our engagement team maintained a dedicated, focused attitude with a high-quality philosophy of diligence and excellence. We delivered the highest quality of professional services using our excellent professional experience.

After becoming quoted on the National Equities Exchange and Quotations in February 2024, ContiOcean commenced its application to list on the Main Board of the SEHK in May 2024. During the process, our engagement team worked closely with various professional parties and assisted the filing of the application to SEHK in July 2024. Its prospectus was published in December 2024 and the company became listed on SEHK in January 2025.

Deloitte China congratulates ContiOcean on its successful listing on 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.