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To-be Listed (Grey Market Trading Session: 14:15-16:30)
Name
/
Code
Industry Listing Price Lot Size Entry Fee Phillip Grey Market Futu (HK) Grey Market
Minieye Tec
02431.HK
Grey Market Today
Application Software Pending 200 4,081
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-
Detail Quote
Last update: 2024-12-23 12:30:04
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Xunfei Healthcare
02506.HK
Application Software 82.8 50 N/A 2024/12/23 2024/12/27 2024/12/30
InnoScience
02577.HK
Semiconductors & Semiconductor Equipment 30.86-33.66 100 3,400 2024/12/23 2024/12/27 2024/12/30
HealthyWay
02587.HK
Health Care Services 7.8-8.8 500 4,444 2024/12/23 2024/12/27 2024/12/30
Summary
We are an IT solutions provider established in Hong Kong, primarily engaged in the distribution of IT products in Hong Kong and provision of SI solutions in Hong Kong, the PRC and Macau. In the value chain of the IT industry, we operate in (i) distribution business as an authorised distributor sourcing IT products from IT product vendors and distributing to down- stream resellers; and (ii) SI solutions business as an SI solutions provider procuring IT products from authorised distributors, integrating them into customised SI solutions and reselling them to end- users. Due to the distinctiveness of the two segments, we conduct our distribution business and SI solutions business through two different tradenames, namely, TriTech and Multisoft , respectively.

The essential players in the IT industry are IT product vendors, distributors, resellers and end-users. At the up-stream of the value chain, IT product vendors are manufacturers of IT products comprising hardware, software and auxiliary products (which cover a range of computer and networking parts and accessories such as power supply, control and adaptor units). They usually engage authorised distributors to sell and distribute their IT products to resellers within a geographical region through the distributors’ own distribution channels and networks, with specific rights and obligations set forth in the distribution agreements. At the down-stream of the value chain, resellers are SI solutions providers, telecommunication service providers, traders, wholesalers, and retailers, which procure IT products for the purpose of resale to end-users. End-users are individual and corporate consumers of the IT products from private and public sectors.

We consider our business model to be one of our competitive strengths which distinguishes us from other competitors which are either distributors or resellers. Our dual role as both distributor and reseller in the IT industry has not only enabled us to capture business opportunities in the whole value chain of the IT industry, but also benefitted us through close and direct interaction with all essential players, creating synergy between our distribution and SI solutions businesses. As a distributor, we are able to leverage on our in-depth understanding of end-users’ needs in IT products and awareness of unfulfilled requests and demand of end-users gained through direct interaction with end-users in our SI solutions business; and provide valuable feedback to IT product vendors to localise their IT products for applications in Hong Kong market.

We are a value-added distributor with broad and diversified product portfolio of IT products to resellers to meet the diverse needs in the IT products distribution industry. The IT products offered in our product portfolio cover a wide range of functions and usages at different price levels. Our broad spectrum of product portfolio attracts customers from various sectors with different needs and preferences while the diversified product origins in our portfolio allows us to easily replace and continue to supply IT products in the event of any trade restrictions is imposed on IT products of a particular origin by any other particular country. We attribute our broad and diversified product portfolio of IT products to our value-added services to the IT product vendors, which give us competitive edges over our competitors in the following three ways: (i) we have a broad portfolio of new-to-market niche brands of which we have enjoyed a sizeable market share; (ii) we strategically identify and focus on PRC brands with market potential; and (iii) we attract internationally renowned brands to achieve optimum brand mix. For further details of our competitive edges in our distribution business, please refer to the section headed “Business — Our competitive strengths — We are a value-added distributor with broad and diversified product portfolio of IT products of both internationally renowned brands and new-to-market niche brands to resellers in our distribution business” in this document. However, it is also possible that our suppliers and customers may choose to deal with one another directly. For details of such risks, please refer to the section headed “Risk factors — Risks relating to our business and operations — Our suppliers and customers may choose to deal with one another directly” in this document.

On the other hand, as an SI solutions provider, we are able to leverage on our technical knowledge on IT products and awareness of the latest IT product trends and technological development gained through direct interaction with IT product vendors in our distribution business, and provide customised SI solutions with the latest technology to end-users. This synergy created allows us to add value to our suppliers and customers in both streams of the value chain of the IT industry, thereby setting us apart from our competitors.

According to the Ipsos Report, there are approximately 2,000 SI solutions providers in the IT industry in Hong Kong and less than ten of which are operating a business model by engaging in both SI solutions and distribution businesses. Having considered the synergy and benefits enjoyed by our Group, Ipsos is of the view that our business model is rare and unique and is intrinsically different from the traditional SI model or traditional distribution model engaged by most of the market players in the IT industry in Hong Kong.

Source: MTT Group (02350) Prospectus (IPO Date : 2022/09/13)
Listing Market MAIN
Industry IT Products Distributors
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders Ip Ka Wai, Charlie (58.23%)
Directors Ip Ka Wai, Charlie (Chairman and Chief Executive Officer and Executive Director)
Chan Tim Cheung (Executive Director)
Ho Wang Shun (Non-Executive Director)
Chen Yiliang (Non-Executive Director)
Chung Anita Mei Yiu (Independent Non-Executive Director)
Lam Chi Wing (Independent Non-Executive Director)
Wu Ching Tung Grace (Independent Non-Executive Director)
Lo Kwok Loong Sammy (Independent Non-Executive Director)
Company Secretary Lai Ho Yan
Principal Bankers Hang Seng Bank Limited
Standard Chartered Bank (Hong Kong) Ltd.
Shanghai Commercial Bank Limited
Solicitors
Auditors Deloitte Touche Tohmatsu
Registered Office 8th Floor, Kwok Kee Group Centre, 107 How Ming Street Kwun Tong, Kowloon, Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address https://www.mttgholdings.com/
Email Address ir@mttgholdings.com
Tel No (852) 3755-8400
Fax No
 
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