Futu News reported on December 29, $PAGODA GP (02411.HK)$Currently in the subscription period, the offering runs from December 29, 2022, to January 9, 2023. The company plans to issue 78,947,500 shares, of which 7,895,000 shares will be for public offering and 71,052,500 shares for international offering. The offering price is between HKD 5.0 and HKD 6.2 per share, with a board lot of 500 shares, expecting to list on January 16, 2023.
Pagoda GP is China's largest fruit retail operator. According to Frost & Sullivan, by 2021 fruit retail sales, the company ranks as China’s largest fruit retailer, holding a 1.0% share of the total market, while the top five players combined hold 3.6% of the total market share. Additionally, by fruit retail sales, the company also ranks first among all specialized fruit retail operators in China. The company owns the largest distribution network in China's fruit industry.
Pagoda GP owns several nationally recognized fruit category brands and channel brands, operating China’s largest community-focused, integrated online-offline and store-warehouse fruit retail network, providing consumers with flexible delivery options such as same-day delivery and next-day delivery.
Through internal development and external empowerment, Pagoda influences and manages the entire supply chain, from fruit cultivation to the retail end. The company participates in farming to ensure the production of high-quality fruits, implementing professional and standardized quality management across the whole chain to provide consumers with affordable, tasty fruits...