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02497 富景中國控股
FUJING HOLDINGS
Listing Date2024/03/28
Listing Price1.080
 
Quote
  • 0.970 -0.040 (-3.960%)    Sink Below Listing Price
  • 15-min delayed, last update: 18/04/2024 17:59
Subscription Result
  • Subscription Rate
    294.13x
  • Guarantee One Lot Size
    400 lot
  • One Lot Success Rate
    10.02%
COMPANY PROFILE

Fujing Holdings Co is the largest producer of potted vegetable produce in Shandong province, with a market share of 14.8% in terms of sales revenue in Shandong province in 2022.

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As of 21 November 2023, the Group had three cultivation facilities in operation for cultivating potted vegetable produce, namely, Laixi Facility; Xi’an Facility; and Dalian Facility which, in aggregate, covers a land area of approximately 431,605 sq.m. and it had 140 greenhouses operating in its cultivation facilities with a total gross floor area of 155,401 sq.m.

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The Group products was marketed under its brand ‘‘富景農業’’ which included 29 potted vegetable produce species. It sells its potted vegetable produce primarily through a network of distributors in the PRC in line with industry practice. The majority of its customers are hotels and restaurants.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureAgricultural Products
Major Business AreaChina
Board Lot2000
GLOBAL OFFERING
No. of Offer Shares100.00M shares
No. of Placing Offer Shares85.38M shares
No. of Public Offer Shares14.62M shares
Offer Price$1.08 - $1.28
Stock Code2497
Sponsor(s)Grande Capital Limited
Underwriter(s)Grande Capital Limited, CMBC Securities Company Limited, Cinda International Capital Limited, BOCOM International Securities Limited, ABCI Securities Company Limited, CCB International Capital Limited, ICBC International Securities Limited, Haitong International Securities Company Limited, Zhongtai International Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Eddid Securities and Futures Limited, Alliance Capital Partners Limited, Ruibang Securities Limited, Victory Securities Company Limited, Patrons Securities Limited, Fosun International Securities Limited, SBI China Capital Financial Services Limited
TIME TABLE
Application PeriodMar 20 (Wed) - noon, Mar 25 (Mon)
Price Determination DateMar 26 (Tue)
Result Announcement DateOn or before Mar 27 (Wed)
Result Announcement DateOn or before Mar 27 (Wed)
Result Announcement DateOn or before Mar 28 (Thu)
Dealings in Shares commence onMar 28, 2024. (Thu)
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$1.08 - $1.28
Capitalization540.00M - 640.00M
NAV / share ($)$0.86 - $0.90 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 1.18, the net proceeds raised would be HKD 57.60M, of which
77.5% : Expansion of cultivation capacity
14.1% : Setting up a dedicated organic substrates production facility
8.4% : Strengthening operating efficiency through upgrade of information technology system
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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