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02321 雙財莊
Listing Date2022/08/19
Listing Price0.560
  • 0.430 +0.015 (+3.614%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
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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.

MarketHong Kong (Main Board)
Business NatureFood & Beverages
Major Business AreaMalaysia
Board Lot5000
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
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).
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