CGL Logistics Holdings Ltd (CGL) IPO filing analysis

One-minute decisionBASIC RESEARCHSource completeness · 82%

CGL remains a preliminary, conditional IPO with unchanged size and price but updated dilution inputs.

As of the September 29, 2026 F-1/A, CGL proposed 6.25 million shares at an assumed US$4.00 price, subject to listing and effectiveness.

Where does the money go?Awaiting verificationF-1/A · 2026-09-29

Ownership and votingAwaiting verified holder data— economic · — voting

Next disclosed checkpointEffectiveness, pricing, listing approval and a confirmed closing date are not disclosed.F-1/A · 2026-09-29

Capital destination

Awaiting verification

F-1/A · 2026-09-29

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · F-1/A ↗

Next checkEffectiveness, pricing, listing approval and a confirmed closing date are not disclosed.

Latest filing2026-09-29

Capital destination

Awaiting verification

F-1/A · 2026-09-29

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · F-1/A ↗

BOOKRUNNERS / LEAD UNDERWRITERSBookrunners / lead underwriters

NOT YET DISCLOSED

Names not yet published

Dilution and valuation

IPO priceUS$4

Basic post-offer21,250,000

Fully diluted sharesAwaiting verification

Value—

Dilution and valuation
Calculation	Shares	Value	Reference
Post-offer shares	21,250,000	—	As adjusted, base offering; no over-allotment · CAPITALIZATION

Basic-price scenario

A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.

Check the source · F-1/A ↗

Holder data awaits verification

Fook Star owns all issued shares before the offering and Byron Lee is its sole shareholder. The filing states the controlling shareholder will retain more than a majority of voting power after the offering, but the supplied excerpts do not provide the complete named-holder table or exact economic percentage. · 2026-09-29

Fook Star owns all issued shares before the offering and Byron Lee is its sole shareholder. The filing states the controlling shareholder will retain more than a majority of voting power after the offering, but the supplied excerpts do not provide the complete named-holder table or exact economic percentage.

One disclosed holder; not a complete ownership distribution.Check the source · F-1/A ↗

Conditional lock-up timeline

Status	Reference
Awaiting verification	Source ↗

Financial quality and runway

Status	Reference
Awaiting verification	Source ↗

Latest filing update

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SEC filing history

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Risk 1

Cash held in PRC or Hong Kong subsidiaries may be unavailable for uses outside those jurisdictions because of government restrictions.

Potential impact: Awaiting verification
Monitor: Effectiveness, pricing, listing approval and a confirmed closing date are not disclosed.
Evidence: Risk factors ↗

SEC EDGAR

F-1/A

2026-09-29

Open SEC filing ↗