In the past year, Creative Global Technology Holdings Limited made $42.9 million in revenue and $2.8 million in net income, with a market cap of $95.6 million.
Benjamin Securities is the underwriter for the IPO.
Creative Global Technology Holdings Limited describes itself as a company that helps recycle consumer electronic devices, reducing waste and supporting a circular economy. It was established in January 2023 in the Cayman Islands. The company owns CGT BVI, a holding company based in the British Virgin Islands, which in turn owns CGTHK, its main operating entity founded in Hong Kong in 2016.
CGTHK focuses on sourcing pre-owned electronics like smartphones and laptops for wholesalers in Southeast Asia. Though expanding into retail and leasing since 2021, over 90% of CGTHK’s revenue in 2022 came from wholesale operations.
Investing in CGT Holdings means purchasing shares in a holding company based in the Cayman Islands, rather than directly in the Hong Kong operating entity.
Note: The revenue and net income mentioned are for the year ending March 31, 2024. The IPO plans have undergone several changes, including an updated share count and price range, with current projections to raise $5.63 million from 1.25 million shares priced between $4.00 and $5.00.
Founded in 2016, Creative Global Technology Holdings has 16 employees and is located at Unit 03, 22/F, Westin Centre, 26 Hung To Road, Kwun Tong, Kowloon, Hong Kong. Contact them at +852 2690 9121 or visit their website: cgt-electronics.com.
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