Jiangsu Horizon aims to raise funds primarily for growth initiatives, including research and development (R&D) and expansion efforts. The company plans to issue 53,562,000 H Shares, with 5,357,000 allocated to the Hong Kong Public Offering and 48,205,000 to the International Offering. The maximum offer price is set at HK$3.00 per H Share. Listing date: 2025/03/31
The funds raised will be directed towards enhancing the company’s operational capabilities, expanding its market presence, and investing in technological advancements to improve service delivery.
Total Shares Offered: 53,562,000 H Shares are being offered, representing approximately 2.50% of the company’s enlarged share capital post-IPO, assuming no exercise of the Over-allotment Option.
Jiangsu Horizon operates a chain of supermarkets under the “Horizon Dragon” brand, focusing on retail and wholesale distribution. The company aims to leverage its market presence to capitalize on China’s growing retail sector.
The company has demonstrated steady revenue growth, with an annual revenue of RMB9.61 billion, marking a 22.0% increase from the previous year. Profit attributable to shareholders reached RMB960 million, up 44.9% year-on-year.
The prospectus for Jiangsu Horizon’s IPO can be downloaded from the Hong Kong Stock Exchange’s website at https://www.hkexnews.hk/list
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