06689 洪九果品
HONGJIU FRUIT
HONGJIU FRUIT
| Listing Date | 2022/09/05 |
| Listing Price | 40.000 |
Quote
Subscription Result
- Subscription Rate0.60x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
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
| Market | Hong Kong (Main Board) |
| Business Nature | Agricultural Products |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 14.01M H shares |
| No. of International Offer Shares | 13.17M H shares |
| No. of HK Offer Shares | 0.85M H shares |
| Offer Price | $40.00 - $52.00 |
| Stock Code | 6689 |
| 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 Period | Aug 24 (Wed) - noon, Aug 29 (Mon) |
| Price Determination Date | Aug 29 (Mon) |
| Result Announcement Date | On or before Sep 02 (Fri) |
| Result Announcement Date | On or before Sep 02 (Fri) |
| Dealings in Shares commence on | Sep 05, 2022. (Mon) |
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 | $40.00 - $52.00 |
| Capitalization | 18.68B - 24.29B |
| NAV / share ($) | $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
| 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).