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06689 洪九果品
Listing Date2022/09/05
Listing Price40.000
  • 28.800 -1.200 (-4.000%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
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Chongqing Hongjiu Fruit is a fast-growing and multi-brand fruit company in China with an end-to-end supply chain. It focuses on managing the entire supply chain for quality fruits primarily grown in China, Thailand and Vietnam. It was China’s largest durian distributor, as well as top five distributors of dragon fruit, mangosteen and longan, by sales revenue in 2021, according to CIC.

Through selecting and sourcing quality fruits grown from over 100 places of origin, together with direct procurement, standardized processing, and digitalized supply chain management, the Group have built up a portfolio of self-owned fruit brands covering a variety of categories.

Thee have built a digitalized end-to-end supply chain in the fresh fruit industry. We source the majority of its branded fruit products directly from their origins, process and grade them at local fruit processing plants, and further distribute them to customers across China.

The top five customers were terminal wholesalers, emerging retailers and supermarket customers. Its fresh fruits were mainly sold in East China and Southwest China.

MarketHong Kong (Main Board)
Business NatureAgricultural Products
Major Business AreaChina
Board Lot100
No. of Offer Shares14.01M H shares
No. of International Offer Shares13.17M H shares
No. of HK Offer Shares0.85M H shares
Offer Price$40.00 - $52.00
Stock Code6689
Sponsor(s)China International Capital Corporation Hong Kong Securities Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Asia Limited, UBS AG Hong Kong Branch, ABCI Securities Company Limited, CMB International Capital Limited, China Merchants Securities (HK) Co., Limited, ICBC International Securities Limited, Guotai Junan Securities (Hong Kong) Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Silverbricks Securities Company Limited
Application PeriodAug 24 (Wed) - noon, Aug 29 (Mon)
Price Determination DateAug 29 (Mon)
Result Announcement DateOn or before Sep 02 (Fri)
Result Announcement DateOn or before Sep 02 (Fri)
Dealings in Shares commence onSep 05, 2022. (Mon)
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$40.00 - $52.00
Capitalization18.68B - 24.29B
NAV / share ($)$13.89 - $14.25 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 46, the net proceeds raised would be HKD 578.80M, of which
45% : Improvement of fruit supply chain and expansion of sales and distribution network
22% : For fruit brand building and product promotion
16% : For digital system upgrade and global fruit industry internet platform development
7% : Repayment of bank loans
10% : For replenishing working capital needs and general corporate purposes
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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