Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
02321 雙財莊
SWANGCHAICHUAN
Listing Date2022/08/19
Listing Price0.560
 
Quote
Subscription Result
  • Subscription Rate
    19.20x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

Swang Chai Chuan is an established distributor of F&B and other products for recognised international and domestic Third-Party Brands, and under its Own Brands with substantial scale in Peninsular Malaysia.

Its substantial warehousing capability with an aggregate designated storage capacity of approximately 25,600 CBM as at 30 April 2022. Its substantial logistics infrastructure with a fleet of over 140 logistics vehicles, of which approximately 100 are refrigerated vehicles. Its substantial and diverse customer base of more than 11,000 active customers with a focus on large retail chains and channels.

The Group have a diverse product assortment with over 4,000 SKUs across nine core product categories spanning dairy products, frozen food, packaged food and commodities, sauce, oil and condiments, beverages, specialty products, personal and baby care products, pet care products, cleaning and kitchen supplies, covering over 200 international and domestic Third-Party Brands together with its Own Brands. These brands originated in different countries such as the United Kingdom, New Zealand, the United States, Malaysia, Japan and China.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureFood & Beverages
Major Business AreaMalaysia
Board Lot5000
GLOBAL OFFERING
No. of Offer Shares241.00M shares
No. of International Offer Shares168.70M shares
No. of HK Offer Shares72.30M shares
Offer Price$0.52 - $0.56
Stock Code2321
Sponsor(s)Sunny Fortune Capital Limited
Underwriter(s)Sunny Fortune Capital Limited, Elstone Securities Limited, BOCOM International Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMBC Securities Company Limited, Haitong International Securities Company Limited, Phillip Securities (Hong Kong) Limited
TIME TABLE
Application PeriodAug 08 (Mon) - noon, Aug 11 (Thu)
Price Determination DateAug 11 (Thu)
Result Announcement DateOn or before Aug 18 (Thu)
Result Announcement DateOn or before Aug 18 (Thu)
Dealings in Shares commence onAug 19, 2022. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$0.52 - $0.56
Capitalization501.30M - 539.80M
NAV / share ($)$0.35 - $0.36 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 0.54, the net proceeds raised would be HKD 86.00M, of which
47.8% : Enhance distribution and sales capabilities by investing in cold chain and other infrastructure
18% : Develop own products business by acquiring new processing machines
7% : Develop e-commerce business by launching a mobile application
17.2% : Strategic acquisitions and investments along supply value chain
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
IPO Calculator
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --
Offer Price︰--
Currency :
Listing Price :
Board Lot :
Admission Fee*
:
Subscribing Lot :
Subscribing Fee :

Subscribing Amount :
*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).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2022 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.