Latest News

30 Jun

Shandong Fengxiang Co., Ltd. (9977) IPO, Entry Fee HK$5151.4

Shandong Fengxiang Co., Ltd. (9977) is a white-feathered broiler producer in the PRC. The Group main products include chicken meat products, which mainly consist of raw chicken meat products and processed chicken meat products; and chicken breeds. It have our own production facilities for its white-feathered broilers, which are located in Shandong, the PRC. It is capable of breeding approximately 113 million broilers per year; slaughtering approximately 120 million broilers per year; and processing approximately 230,000 tonnes of chicken meats per year.

It sells products through both business-to-business (B2B) and business-to-consumer (B2C) models. Its products are sold under B2B sales model through direct sales and distributors to its domestic and overseas customers mainly include (i) foodservice or industrial customers; (ii) quick service restaurants; and (iii) retail groceries. For its B2C sales model, it sells and markets its chicken meat products under its brands, including "Fovo Foods" and "iShape" brands through online and offline sales platforms within the PRC.

Apart from its leading domestic market in the PRC, it also supply a wide range of chicken meat products to overseas customers in Japan, Malaysia, the European Union, Korea, Mongolia and Singapore. Its white-feathered chicken meat products are halal certified by adopting Islamic slaughter rituals. Its major domestic and overseas customers include internationally food processors and traders as well as sizeable fast food restaurant chains operators (and their poultry meat suppliers and sourcing agents).

As at Jun 2020, it had 22 breeder farms, three hatcheries, 45 broiler farms (11 of which have been modified from cage-free systems into battery cage systems), eight slaughtering and processing plants, two feedmills and one organic fertiliser plant.

 

GLOBAL OFFERING

No. of Offer Shares 355m H shares
No. of International Offer Shares 320m H shares
No. of HK Offer Shares 35.50m H shares
Offer Price $3.33 - $5.1
Nominal Value RMB 1.00 each
Board Lot 1000
Sole Sponsor Southwest Securities (HK) Capital
Joint Global Coordinators ABCI Capital, China Galaxy International Securities (Hong Kong), China Securities (International) Corporate Finance, Haitong International Securities, Southwest Securities (HK) Brokerage
Joint Bookrunners ABCI Capital, Bradbury Securities, CCB International Capital, China Galaxy International Securities (Hong Kong), China Securities (International) Corporate Finance, China Tonghai Securities, CMB International Capital, Crosby Securities, Futu Securities International (Hong Kong), GF Securities (Hong Kong) Brokerage, Haitong International Securities, HeungKong Securities, Huatai Financial Holdings (Hong Kong), ICBC International Capital, Southwest Securities (HK) Brokerage, UOB Kay Hian (Hong Kong)
Joint Lead Managers ABCI Securities, Bradbury Securities, CCB International Capital, China Galaxy International Securities (Hong Kong), China Securities (International) Corporate Finance, China Tonghai Securities, CMB International Capital, Crosby Securities, Dongxing Securities (Hong Kong), Eddid Securities and Futures, Futu Securities International (Hong Kong), GF Securities (Hong Kong) Brokerage, Haitong International Securities, HeungKong Securities, Huatai Financial Holdings (Hong Kong), ICBC International Securities, Luk Fook Securities (HK), Southwest Securities (HK) Brokerage, UOB Kay Hian (Hong Kong)

TIME TABLE

Application Period Jun 30 (Tue) - Noon, Jul 7 (Tue)
Price Determination Date On or Before 5pm, Jul 7 (Tue)
Result Announcement Date On or Before Jul 15 (Wed)
Dispatch of Shares and Refund Cheques On or Before Jul 15 (Wed)
Dealings in Shares commence on Jul 16, 2020. (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%

 

 

 

The information cited in this article was collected by the Company from sources believed to be accurate and is for reference only. Investors should consult the company's prospectus before making an investment decision. The company is not responsible for any loss caused by trust or reference to relevant content.