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02147 正味集團
Listing Date2023/01/13
Listing Price0.680
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Zhengwei Group mainly produces, and to a lesser extent trade, dried food products and snacks in Jiangxi Province, and to a lesser extent, Sichuan Province and Hubei Province. According to Frost & Sullivan Report, it were ranked fifth with market share of approximately 0.4% of the snack food market in Jiangxi Province, in terms of revenue in 2021. Its “Shengyao” and “Gangweifang ” brand carries a variety of products.


The Group produces and sell a variety of snacks (including vegetable snacks and meat snacks) such as bamboo shoots crisps and roasted duck necks; and packaged dried food products such as fungi, dried aquatic products, algae, grains and seasonings in the PRC. As at 30 June 2022 and 20 Dec 2022, its product portfolio included 564 and 583 types of snacks, and 625 and 630 types of dried food products, respectively.

MarketHong Kong (Main Board)
Business NatureFood & Beverages
Major Business AreaChina
Board Lot4000
No. of Offer Shares200.00M shares
No. of Public Offer Shares60.00M shares
No. of Placing Shares140.00M shares
Offer Price$0.68 - $0.82
Stock Code2147
Sponsor(s)Grand Moore Capital Limited
Underwriter(s)Grand Moore Capital Limited, Valuable Capital Limited, China PA Securities (Hong Kong) Company Limited, Cinda International Capital Limited, Fortune (HK) Securities Limited, Guotai Junan Securities (Hong Kong) Limited, Zhong Yang Securities Limited
Application PeriodDec 30 (Fri) - noon, Jan 05 (Thu)
Price Determination DateJan 05 (Thu)
Result Announcement DateOn or before Jan 12 (Thu)
Result Announcement DateOn or before Jan 12 (Thu)
Dealings in Shares commence onJan 13, 2023. (Fri)
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$0.68 - $0.82
Capitalization544.00M - 656.00M
NAV / share ($)$0.48 - $0.52 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 0.75, the net proceeds raised would be HKD 110.70M, of which
74.1% : Build a new factory building and acquire new production lines in Guangchang Plant by around June 2024 to increase designed annual production capacity by approximately 1,200 tonnes of vegetable snack products and 2,000 tonnes of meat snack products
15.9% : Enhance marketing efforts and expand sales channels
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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