01641 紅星冷鏈
HX COLDCHAIN
HX COLDCHAIN
| Register Close | 2026/01/08 IPO Closing in 7 Days |
| Listing Date | 2026/01/13 |
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IPO Detail
COMPANY PROFILE
Hongxing Coldchain (Hunan) Co. is a frozen food storage services and frozen food space leasing services provider, headquartered in Changsha, in which it primarily provide frozen food storage services. Since the Group’s establishment in 2006, it has developed a business model that combines frozen food storage facilities with frozen food space leasing, enabling it to connect wholesalers and retailers within the frozen food supply chain.
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The Group’s self-owned frozen food storage facilities in Changsha offer a total designed storage capacity of over one million cubic meters, or over 230,000 tonnes of usable storage capacity, across two bases for frozen food wholesalers and retailers, with utilization rates over 88% and serving over 700 customers as of June 30, 2025. The Group generated revenue primarily from frozen food storage services, leasing services and loading services.
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According to the report, with respect to the frozen food storage service market, the Group is the largest frozen food storage service provider in both Central China and Hunan province in terms of revenue in 2024 with a market share of 2.6% in Central China and 13.6% in Hunan province, respectively, and it captured a market share of 0.7% in China.
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With respect to the frozen food space leasing service market, the Group is the second largest provider in Central China with a market share of 8.8% and first in Hunan province with a market share of 54.7%, respectively, and it captured a market share of 1.9% in China, in terms of revenue in 2024. The Group’s customers primarily included frozen food wholesalers and retailers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Food & Beverages |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 23.26M H shares |
| No. of International Offer Shares | 20.94M H shares |
| No. of HK Offer Shares | 2.33M H shares |
| Offer Price | $12.26 |
| Stock Code | 1641 |
| Sponsor(s) | CCB International Capital Limited, ABCI Capital Limited |
| Underwriter(s) | CCB International Capital Limited, ABCI Securities Company Limited, AVICT Global Asset Management Limited, BOCOM International Securities Limited, CEB International Capital Corporation Limited, China Industrial Securities International Capital Limited, CMBC Securities Company Limited, Guosen Securities (HK) Brokerage Company, Limited, Huafu International Securities Limited, MoneyMore Securities Limited, Orient Securities (Hong Kong) Limited, Ruibang Securities Limited, Shanxi Securities International Limited, SPDB International Capital Limited, uSmart Securities Limited, Yue Xiu Securities Company Limited, Zhongtai International Securities Limited |
TIME TABLE
| Application Period | Dec 31 (Wed) - noon, Jan 08 (Thu) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jan 12 (Mon) |
| Result Announcement Date | On or before Jan 12 (Mon) |
| Result Announcement Date | On or before Jan 13 (Tue) |
| Dealings in Shares commence on | Jan 13, 2026. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $12.26 |
| Capitalization | 1.20B |
| NAV / share ($) | $11.82 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 12.26, the net proceeds raised would be HKD 252.30M, of which |
| 57.5% : Construct a new processing plant and new frozen food storage warehouses with processing equipment and systems for frozen food processing services |
| 12.8% : Upgrade equipment, IT infrastructure, and software |
| 19.7% : Pursue strategic acquisitions and partnerships |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).