BRIEF: Liuliumei launches $64 million Hong Kong IPO
Plum-based snack producer Liuliumei Co. Ltd. (6658.HK) launched its Hong Kong IPO on Friday, aiming to sells 11.46 million shares for HK$43.58 apiece to raise about HK$500 million ($64.1million). Subscriptions, which carry a minimum entry fee of HK$4,401.96 for a board lot of 100 shares, will close on June 10, with the stock scheduled to debut on June 15.
The company’s revenue rose from 1.32 billion yuan in 2023 to 1.62 billion yuan in 2024, and climbed further to 1.71 billion yuan last year. Over that time, its profit rose from 99.2 million yuan in 2023 to 182 million yuan last year.
The company will use about 61% of the proceeds to expand its production capacity over the next three years. Another 21% will be earmarked for enhancing brand awareness, with about 8% dedicated to research and development.
By Lau Chi Hang
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
RELATED ARTICLES
-
‘Plum king’ sweetens fourth IPO bid with new products, price cuts
-
BRIEF: Busy Ming launches $248 million Hong Kong IPO
1768.HK
- New quack at life? Zhou Hei Ya seeks flight back to relevance
-
BRIEF: Star Sports Medicine launches $97 million Hong Kong IPO
1609.HK
-
BRIEF: Creality launches $177 million Hong Kong IPO
3388.HK
-
BRIEF: Montage Technology launches $884 million Hong Kong IPO
688008.SHG
-
BRIEF: Qingdao Gon Tech launches $128 million Hong Kong IPO
002768.SHE
