Futu News, March 22, this Tuesday $REDCO HEALTHY (02370.HK)$ It was announced that it will issue 50 million shares from March 22 to 25. The company plans to issue 50 million shares, of which 5 million shares will be publicly sold and 45 million shares will be sold internationally. The issue price range per share is HK$4.1-5.1, with 500 shares per lot. It is expected to be listed on March 31.
According to reports, Ligao Health Life was split from $REDCO GROUP (01622.HK)$The company is a leading property management service provider in Jiangxi Province. The service network covers strategically significant core regions such as the Yangtze River Delta region, the Greater Bay Area, the Bohai Rim region and central China.
As of September 30, 2021, the company has a total of 91 projects under management, with a total construction area of 15.1 million square meters, and the company has contracted to manage 133 projects located in 28 cities in 11 provinces, cities and autonomous regions of China, with a total contract construction area of 23.5 million square meters.
In terms of financial data, the company achieved steady growth during the record period. From 2018 to 2020, the company recorded revenue of RMB 124 million, RMB 181 million and RMB 222 million respectively, with a compound annual growth rate of 33.5%; during the same period, it achieved net profit of RMB 11.122 million, RMB 29.804 million and RMB 44.01 million, with a compound annual growth rate of 99.1%. In the first 9 years of 2021...