In the past year, Creative Global Technology Holdings Limited earned $42.9 million in revenue and $2.8 million in net income, with a market cap of $95.6 million.
Benjamin Securities was the underwriter for the IPO.
Creative Global Technology Holdings aims to extend the life of consumer electronic devices through a circular economy approach, focusing on recycling and reducing waste.
The company, established on January 11, 2023, is a Cayman Islands firm that operates through its Hong Kong subsidiary, CGTHK, founded in 2016. CGTHK primarily sources used smartphones, tablets, and laptops for wholesalers selling in Southeast Asia. Although it has started retail and leasing operations since 2021, over 90% of its 2022 revenue still came from wholesale.
Investors in CGT Holdings are buying shares in a Cayman holding company, not directly in the Hong Kong operating entity. Note: Financial figures refer to the year ending March 31, 2024. CGT Holdings is working to list its stock on NASDAQ and has made several adjustments to its IPO plans, including reducing the share offering from 4.0 million to 1.25 million shares at a price range of $4.00 to $5.00.
CGT Holdings has 16 employees and is located at Unit 03, 22/F, Westin Centre, 26 Hung To Road, Kwun Tong, Kowloon, Hong Kong. For inquiries, call +852 2690 9121 or visit cgt-electronics.com.
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