Futu News on October 20th, $GUOQUAN (02517.HK)$Announcement: The company will conduct a public offering from October 20 to October 26, 2023, planning to issue 68.8028 million shares, including 6.8808 million shares for public offering and 61.922 million shares for international offering. The issue price per share is 5.98 Hong Kong dollars, with a minimum subscription of 400 shares per lot, expected to be listed on November 2.
Company Overview
Guoquan is a leading and rapidly growing brand of at-home dining food products in China, providing ready-to-eat, hot, cook-ready, and ingredient-ready meals, with a focus on at-home hot pot and barbecue products. The company, through a nationwide network of retail stores, offers a variety of at-home dining food products under the Guoquan Shihui brand, serving different dining scenarios. At-home dining food products include ready-to-eat food, hot food, cook-ready food, and ingredient-ready meals.
According to the prospectus, Guoquan is china's leading one-stop dining food brand, based on data from Frost & Sullivan, it ranked first among all retailers in china in 2022 based on the retail sales of dining food products eaten at home, and was the largest home hotpot and barbecue brand in china in 2022 based on retail sales.
According to data from Frost & Sullivan, as of December 31, 2022, Guoquan has established the largest one-stop dining food product retail store network in china in terms of the number of retail stores. In 2022, the company accumulated orders exceeding one billion units, and china's retail store network reached a total of...