
SWANGCHAICHUAN
Listing Date | 2022/08/19 |
Listing Price | 0.560 |
- Subscription Rate19.20x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2022/08/19 |
Listing Price | 0.560 |
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.
Market | Hong Kong (Main Board) |
Business Nature | Food & Beverages |
Major Business Area | Malaysia |
Board Lot | 5000 |
No. of Offer Shares | 241.00M shares |
No. of International Offer Shares | 168.70M shares |
No. of HK Offer Shares | 72.30M shares |
Offer Price | $0.52 - $0.56 |
Stock Code | 2321 |
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 Period | Aug 08 (Mon) - noon, Aug 11 (Thu) |
Price Determination Date | Aug 11 (Thu) |
Result Announcement Date | On or before Aug 18 (Thu) |
Result Announcement Date | On or before Aug 18 (Thu) |
Dealings in Shares commence on | Aug 19, 2022. (Fri) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $0.52 - $0.56 |
Capitalization | 501.30M - 539.80M |
NAV / share ($) | $0.35 - $0.36 (Unaudited pro forma adj NAV / share) |
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 |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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