02347 友和集團
YOHO GROUP
YOHO GROUP
| Listing Date | 2022/06/10 |
| Listing Price | 2.100 |
Quote
Subscription Result
- Subscription Rate8.37x
- Guarantee One Lot Size20 lot
- One Lot Success Rate20%
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IPO Detail
COMPANY PROFILE
Yoho Group is a market player in the business-to-consumer (B2C) e-commerce industry in Hong Kong. Its retail business adopts the online-merge-offline (OMO) model. It comprises online B2C sales through the Yoho E-commerce Platform; online B2B2C sales to its end customers via Reward Scheme Platforms and third-party online marketplaces; and offline B2C sales made at its two retail stores, i.e. the Kwun Tong Store and the Cheung Sha Wan Flagship Store.
The Group remained dedicated to the offering of Consumer Electronics and Home Appliances. According to the F&S Report, it ranked first as an e-commerce platform with a primary focus on Consumer Electronics and Home Appliances in Hong Kong in terms of website traffic, and recorded the highest online retail sales of Consumer Electronics and Home Appliances among all Hong Kong e-commerce platforms with a market share of approximately 5.6%, for FY20/21.
The Group have a diverse and extensive product portfolio covering over 23,000 SKUs (with a focus on Consumer Electronics and Home Appliances), which can be divided into the following five categories: consumer electronics, beauty and health electronic products, home appliances, computers and peripherals and lifestyle products. It established a customer base comprising over 807,000 registered members.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Household Appliances & Electronics |
| Major Business Area | Hong Kong |
| Board Lot | 2000 |
GLOBAL OFFERING
| No. of Offer Shares | 55.00M shares |
| No. of International Offer Shares | 49.50M shares |
| No. of HK Offer Shares | 5.50M shares |
| Offer Price | $2.10 - $2.60 |
| Stock Code | 2347 |
| Sponsor(s) | CMBC International Capital Limited |
| Underwriter(s) | CMBC Securities Company Limited, Eddid Securities and Futures Limited, Haitong International Securities Company Limited, Zhongtai International Securities Limited, China Everbright Securities (HK) Limited, SBI China Capital Financial Services Limited, China Tonghai Securities Limited, Futu Securities International (Hong Kong) Limited, Valuable Capital Limited, Cinda International Capital Limited, Ever-Long Securities Company Limited, China Sky Securities Limited, Yue Xiu Securities Company Limited, FUTEC Financial Limited, Livermore Holdings Limited |
TIME TABLE
| Application Period | May 26 (Thu) - noon, May 31 (Tue) |
| Price Determination Date | Jun 01 (Wed) |
| Result Announcement Date | On or before Jun 09 (Thu) |
| Result Announcement Date | On or before Jun 09 (Thu) |
| Dealings in Shares commence on | Jun 10, 2022. (Fri) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $2.10 - $2.60 |
| Capitalization | 1.05B - 1.30B |
| NAV / share ($) | $0.33 - $0.39 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 2.35, the net proceeds raised would be HKD 87.90M, of which |
| 20.4% : Capturing a larger market share through organic growth |
| 7.1% : Expanding the product offerings on e-commerce platform(s) through the launch of online marketplace operations |
| 8.6% : Expanding services to customers in the PRC and, in particular, the Greater Bay Area |
| 9.2% : Strengthening supply chain capabilities |
| 11.8% : Brand management and marketing |
| 19.2% : Expanding teams staffs |
| 13.7% : Acquiring companies in e-commerce-related industries |
| 10% : General 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).