TONGRENTANGCARE
| Register Close | 2026/03/25 IPO Closing in 5 Days |
| Listing Date | 2026/03/30 |
| Register Close | 2026/03/25 IPO Closing in 5 Days |
| Listing Date | 2026/03/30 |
Beijing Tong Ren Tang Healthcare Investment Co. is a subsidiary of TRT which strategically focuses on TCM healthcare services in China, delivering comprehensive TCM healthcare services to individual customers, standardized management services to business customers, and a wide selection of healthcare products and other products.
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As of March 10, 2026, the Group had established tiered TCM healthcare service network comprising 12 self-owned offline medical institutions and an Internet hospital, as well as 12 managed offline medical institutions. Benefit from the well-established brand “Tong Ren Tang” and quality pharmaceuticals, the Group has accumulated and integrated abundant offline and online healthcare resources.
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The Group is the largest TCM hospital group in the non-public TCM hospital healthcare service industry in China in 2024 in terms of the total number of out-patient and in-patient visits, with a market share of 1.7%. In terms of the total TCM healthcare service revenue in 2024, the Group ranked second with a market share of 0.2% in the non-public TCM hospital healthcare service industry, the market size of which represented 46.5% of the total market size of the TCM healthcare service industry in China in the same year.
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The Group generated revenue primarily from TCM healthcare services; management services; and sale of healthcare products and other products, its customers primarily consist of individual customers that receive TCM healthcare services at offline medical institutions or Internet hospital owned and operated by it; individual customers that purchase healthcare products or other products at its offline standalone stores; and retailers that procure Angong Niuhuang Pills series from it; and medical institutions and business customers that receive its management services.
| Market | Hong Kong (Main Board) |
| Business Nature | Health Care |
| Major Business Area | China |
| Board Lot | 500 |
| No. of Offer Shares | 108.15M H shares |
| No. of International Offer Shares | 97.34M H shares |
| No. of HK Offer Shares | 10.82M H shares |
| Offer Price | $7.30 - $8.30 |
| Stock Code | 2667 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, ICBC International Securities Limited, Guosen Securities (HK) Brokerage Company, Limited, Huafu International Securities Limited, SPDB International Capital Limited, China Industrial Securities International Capital Limited, GF Securities (Hong Kong) Brokerage Limited, ABCI Securities Company Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Patrons Securities Limited, West Bull Securities Limited, Futu Securities International (Hong Kong) Limited, Livermore Holdings Limited, Tiger Brokers (HK) Global Limited |
| Application Period | Mar 20 (Fri) - noon, Mar 25 (Wed) |
| Price Determination Date | Mar 26 (Thu) |
| Result Announcement Date | On or before Mar 27 (Fri) |
| Result Announcement Date | On or before Mar 27 (Fri) |
| Result Announcement Date | On or before Mar 30 (Mon) |
| Dealings in Shares commence on | Mar 30, 2026. (Mon) |
| Offer Price | $7.30 - $8.30 |
| Capitalization | 3.40B - 3.86B |
| NAV / share ($) | $2.17 - $2.4 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 7.8, the net proceeds raised would be HKD 771.00M, of which |
| 47.5% : expansion of TCM healthcare service network |
| 23.6% : enhancement of TCM healthcare service capacity |
| 18.9% : repayment of certain of outstanding bank loans |
| 10% : working capital |
| 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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