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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