Hong Jiugo intends to go to Hong Kong's main board to go public, and it is expected to issue 14.0125 million shares

On August 24, 2022, according to the company's announcement, Chongqing Hongjiu Fruit Pin Co., Ltd. (hereinafter referred to as Hong Jiu Guo) planned to be listed on the main board of Hong Kong, and the sponsors were China International Financial Hong Kong Securities Co., Ltd. Earlier, the company was submitted on April 29, 2022. This IPO is expected to issue 1.40125 million shares, of which 1.4014 million shares are available in Hong Kong, 1.2611 million shares were available in international offerings, and 2.018 million shares were extended.

The issue price range is 40.00 to HK $ 52.00 per share. The listing date is expected to be on September 5, 2022, 100 shares per hand.

In terms of funds, about 45%of them, or HK $ 260.5 million will be used to improve the company's fruit supply chain in the next three years; about 22%, or HK $ 127.3 million will be used for fruit brand building and product promotion in the next three years. About 16%, or HK $ 92.6 million will be used for the upgrading of the digital system in the next three years and the development of the global fruit industry Internet platform; about 7%, or HK $ 40.5 million will be used to repay bank loans in the next three years. About 10%, or HK $ 57.9 million will be used to supplement the needs of mobile funds and other general enterprises.

Chongqing Hongjiu Fruit Pin Co., Ltd. is a high -speed multi -brand fresh fruit group in China, with a supply chain of 'end -to -end'. The company focuses on the operation of high -quality fruits native to China, Thailand and Vietnam. The company has operated the fruit industry for nearly 20 years and has deep industry experience. As of the actual feasible date, it has formed a rich fruit product combination with durian, mangosteen, longan, dragon fruit, cherry, and grapes as its core.

According to the information of Burning Consultation, according to the sales revenue of 2021, the company is China's largest brand fresh fruit distributor. According to the sales revenue in 2021, the company is also the second largest fresh fruit distributor in China, accounting for 1.0%of the market share. During the business record period, the company focuses on the development of rapid and high -value fruit types in developing domestic market share. According to the information of Burning Consultation, according to the sales revenue in 2021, the company is China's largest durian distributor, as well as the top five distributors of dragon fruit, mangosteen and longan.

From January 1, 2022-May 31, 2022, the company's operating income was 5.725 billion yuan, and net profit was 743 million yuan. As of the fiscal year and 2021 fiscal year of December 31, the company's revenue was 5.771 billion yuan and 10.28 billion yuan, and net profit was 25.87 million yuan and 292 million yuan, respectively.

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