02147 正味集團
ZHENGWEI GROUP
ZHENGWEI GROUP
| Listing Date | 2023/01/13 |
| Listing Price | 0.680 |
Subscription Result
- Subscription Rate18.28x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
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.
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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.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Food & Beverages |
| Major Business Area | China |
| Board Lot | 4000 |
GLOBAL OFFERING
| No. of Offer Shares | 200.00M shares |
| No. of Public Offer Shares | 60.00M shares |
| No. of Placing Shares | 140.00M shares |
| Offer Price | $0.68 - $0.82 |
| Stock Code | 2147 |
| 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 |
TIME TABLE
| Application Period | Dec 30 (Fri) - noon, Jan 05 (Thu) |
| Price Determination Date | Jan 05 (Thu) |
| Result Announcement Date | On or before Jan 12 (Thu) |
| Result Announcement Date | On or before Jan 12 (Thu) |
| Dealings in Shares commence on | Jan 13, 2023. (Fri) |
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 | $0.68 - $0.82 |
| Capitalization | 544.00M - 656.00M |
| NAV / share ($) | $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
| 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).