
JIHONG CO
Listing Date | 2025/05/27 |
Listing Price | 7.680 |
- Subscription Rate49.39x
- Guarantee One Lot Size12 lot
- One Lot Success Rate50%
Listing Date | 2025/05/27 |
Listing Price | 7.680 |
Xiamen Jihong Co., Ltd was founded in 2003, it set out on providing one-stop paper packaging products and services to FMCG enterprise customers, focusing on providing marketing strategies, product design, process design, technology planning, transportation and logistics. The Group’s operations are driven by cross-border social e-commerce business and FMCG paper packaging business.
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The Group ranked second among China’s B2C outbound e-commerce players based on revenue generated through social media e-commerce business in Asia in 2024, with a market share of 1.3% and ranked first among FMCG paper consumer packaging companies in Mainland China based on revenue in 2024, with a market share of 1.2%, according to CIC.
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As of May 11, 2025, the Group had established six brands including SENADA BIKES, Veimia, Konciwa and PETTENA. The Group’s customers primarily consist of enterprise customers which are FMCG companies under its paper packaging business and individual consumers under its cross-border social e-commerce business.
Market | Hong Kong (Main Board) |
Business Nature | Software & Services |
Major Business Area | China |
Board Lot | 500 |
No. of Offer Shares | 67.91M H shares |
No. of International Offer Shares | 47.54M H shares |
No. of HK Offer Shares | 20.37M H shares |
Offer Price | $7.48 - $10.68 |
Stock Code | 2603 |
Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited |
Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, BOCI Asia Limited, China Galaxy International Securities (Hong Kong) Co., Limited, ICBC International Securities Limited, CCB International Capital Limited, Quam Securities Limited, SDHG International Securities Limited, Fosun International Securities Limited, Long Bridge HK Limited, Livermore Holdings Limited, Sinolink Securities (Hong Kong) Company Limited, Huafu International Securities Limited |
Application Period | May 19 (Mon) - noon, May 22 (Thu) |
Price Determination Date | May 23 (Fri) |
Result Announcement Date | On or before May 26 (Mon) |
Result Announcement Date | On or before May 26 (Mon) |
Result Announcement Date | On or before May 27 (Tue) |
Dealings in Shares commence on | May 27, 2025. (Tue) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $7.48 - $10.68 |
Capitalization (H Shares) | 508.00M - 725.30M |
NAV / share ($) | $6.06 - $6.52 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 9.08, the net proceeds raised would be HKD 505.40M, of which |
40% : Overseas market expansion |
35% : Technology development |
15% : Expansion of brands portfolio and development of existing self-developed brands |
10% : working capital |
27/05/2025 16:08 |
{New Stock}JIHONG CO(02603) ends up 39.06% at HK$10.68 |
27/05/2025 09:20 |
{New Stock}JIHONG CO(02603) opens up 43.23% at HK$11 |
26/05/2025 18:35 |
{New Stock}JIHONG CO(02603) ends up 25.13% on grey market |
26/05/2025 16:20 |
{New Stock}JIHONG CO up 18.49% at HK$9.1 on grey market |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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