Creative Global Technology Holdings Limited earned $42.9 million in revenue and $2.8 million in net income over the past year, with a market cap of $95.6 million.
Benjamin Securities is the underwriter for their IPO.
The company aims to extend the life of consumer electronics through reuse and recycling, supporting a circular economy. Creative Global Technology was founded on January 11, 2023, in the Cayman Islands, following a corporate restructuring in March 2023.
CGT Holdings owns Creative Global Technology (BVI) Limited, which became the sole owner of CGTHK, its primary operating entity in Hong Kong, established in 2016. CGTHK mainly sources refurbished electronics for wholesalers, particularly smartphones, tablets, and laptops, primarily for Southeast Asia. While expanding into retail and leasing, over 90% of its revenue still came from wholesaling in 2022.
Investors in CGT Holdings are buying shares in a Cayman Islands holding company, not directly in the operating business in Hong Kong. This carries specific risks.
Recent updates include the IPO plan to offer 1.25 million shares at $4.00 to $5.00 to raise $5.63 million. The company has reapplied to list its stock on NASDAQ.
Creative Global Technology Holdings, founded in 2016, employs 16 people. Its office is located in Kowloon, Hong Kong. Contact them at +852 2690 9121 or visit their website.
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