Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
06689 洪九果品
HONGJIU FRUIT
Listing Date2022/09/05
Listing Price40.000
 
Quote
Subscription Result
  • Subscription Rate
    0.60x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

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.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureAgricultural Products
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
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
TIME TABLE
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).
IPO Calculator
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --
Offer Price︰--
Currency :
Listing Price :
Board Lot :
Admission Fee*
:
Subscribing Lot :
Subscribing Fee :

Subscribing Amount :
*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).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2022 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.