02497 富景中國控股
FUJING HOLDINGS
FUJING HOLDINGS
| Listing Date | 2024/03/28 |
| Listing Price | 1.080 |
Quote
Subscription Result
- Subscription Rate294.13x
- Guarantee One Lot Size400 lot
- One Lot Success Rate10.02%
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IPO Detail
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
| Market | Hong Kong (Main Board) |
| Business Nature | Agricultural Products |
| Major Business Area | China |
| Board Lot | 2000 |
GLOBAL OFFERING
| No. of Offer Shares | 100.00M shares |
| No. of Placing Offer Shares | 85.38M shares |
| No. of Public Offer Shares | 14.62M shares |
| Offer Price | $1.08 - $1.28 |
| Stock Code | 2497 |
| 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 Period | Mar 20 (Wed) - noon, Mar 25 (Mon) |
| Price Determination Date | Mar 26 (Tue) |
| Result Announcement Date | On or before Mar 27 (Wed) |
| Result Announcement Date | On or before Mar 27 (Wed) |
| Result Announcement Date | On or before Mar 28 (Thu) |
| Dealings in Shares commence on | Mar 28, 2024. (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 | $1.08 - $1.28 |
| Capitalization | 540.00M - 640.00M |
| NAV / share ($) | $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
| 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).