09985 衛龍
WEILONG
WEILONG
| Listing Date | 2022/12/15 |
| Listing Price | 10.560 |
Subscription Result
- Subscription Rate15.30x
- Guarantee One Lot Size2 lot
- One Lot Success Rate70%
|
|
|
|
|
|
|
|
|
|
IPO Detail
COMPANY PROFILE
Weilong Delicious Global Holdings Ltd is a spicy snack food company in China with strong growth momentum. According to Frost & Sullivan, in terms of retail sales value in 2021, it ranked first among all spicy snack food enterprises in China, with a market share of 6.2%, and ranked first in each of the seasoned flour product and spicy vegetable snack product categories. 95% of consumers are at or under the age of 35, and 55% are at or under the age of 25.
--
The Group is dedicated to using household food materials, such as soybean, flour and kelp, as main ingredients. It has in recent years diversified into vegetable and bean-based product categories, and launched multiple brands such as “Fengchi” and “Kiss Burn” series. Its product portfolio includes Soft Tofu Skin, 78° Braised Egg and meat products; Konjac Shuang and Fengchi Kelp; Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn.
--
As of June 30, 2022, the Group cooperated with more than 1,830 distributors and distributors’ sales network covered more than 735,000 retail points of sale, with significant potential for future expansion. The Group had four plants in Henan.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Food & Beverages |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 96.40M shares |
| No. of International Offer Shares | 67.48M shares |
| No. of HK Offer Shares | 28.92M shares |
| Offer Price | $10.40 - $11.40 |
| Stock Code | 9985 |
| Sponsor(s) | Morgan Stanley Asia Limited, China International Capital Corporation Hong Kong Securities Limited, UBS Securities Hong Kong Limited |
| Underwriter(s) | UBS AG Hong Kong Branch, Morgan Stanley Asia Limited, China International Capital Corporation Hong Kong Securities Limited, BNP Paribas Securities (Asia) Limited, Futu Securities International (Hong Kong) Limited, CCB International Capital Limited, Silverbricks Securities Company Limited, I Win Securities Limited |
TIME TABLE
| Application Period | Dec 05 (Mon) - noon, Dec 08 (Thu) |
| Price Determination Date | Dec 08 (Thu) |
| Result Announcement Date | On or before Dec 14 (Wed) |
| Result Announcement Date | On or before Dec 14 (Wed) |
| Dealings in Shares commence on | Dec 15, 2022. (Thu) |
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 | $10.40 - $11.40 |
| Capitalization | 24.45B - 26.80B |
| NAV / share ($) | $2.31 - $2.35 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 10.9, the net proceeds raised would be HKD 935.50M, of which |
| 57% : Expand and upgrade production facilities and supply chain system to improve production capacity and warehousing management and product quality |
| 15% : Expand sales and distribution network |
| 10% : Used for brand building |
| 10% : Product research and development activities and enhancement of research and development capabilities |
| 8% : Advance the digitization and intelligence of business |
IPO NEWS
| 15/12/2022 16:08 |
| {New Stock}WEILONG(09985) ends down 5.11% at HK$10.02 |
| 15/12/2022 09:20 |
| {New Stock}WEILONG(09985) opens down 3.41% at HK$10.2 |
| 14/12/2022 18:35 |
| {New Stock}WEILONG(09985) ends down 2.08% on grey market |
| 14/12/2022 16:20 |
| {New Stock}WEILONG down 5.87% at HK$9.94 on grey market |
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). |
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).