[New Share 6936 Subscription] Shun Fung IPO IPO Information | 0 Interest 0 Handling Fee To Draw IPO Offer

$SF HOLDING(06936.HK)$ The announcement was made that the Company intends to offer 0.17 billion shares of H shares worldwide in the IPO from 19 November 2024 to 22 November 2024. It is expected that H shares will be listed on 27 November 2024 with 200 shares per share at a bid price of HK$32.3-36.3 with an entry fee of HK$7,333.22 per entry.

Basic information on the IPO of Shun Fung Holdings

Shun Fung IPO Company Profile

Financial Overview

Sphung's revenue increased from RMB207.2 billion in 2021 to RMB258.4 billion in 2023, a compound year growth rate of 11.7%; the company's revenue also increased 8.1% from RMB124.4 billion for the six months ended June 30, 2023 to RMB134.4 billion for the same period in 2024.

In 2021, 2022 and 2023, the annual profit of the owners of the company amounted to RMB4.7 billion, RMB6.2 billion and RMB8.2 billion, respectively, with a growth rate of 31.9% from the consolidated year beginning 2021; the profit for the period belonging to the company's owners also increased from the six months ended 30 June 2023 RMB 4.2 billion increased by 15.1% to RMB 4.8 billion for the same period in 2024.

Industry Overview

As the backbone of the global economy, the global logistics industry provides trillions of dollars of market opportunities that enable goods and services to circulate around the world. Total global logistics spending in 2023 is estimated to reach $13.8 trillion in 2028 for a compound year growth rate of 4.4%.

Of all regions, Asia is one of the largest and fastest growing global logistics markets and one of the least concentrated regions with the most attractive growth prospects. In 2023, logistics spending in Asia will reach US$5.1 trillion, accounting for 45.5% of the global market, and a compound year growth rate of 5.5% from 2023 to 2028.

China will account for the largest share of Asia at 53.4% in 2023 and is forecast to grow at a compound annual growth rate of 4.2% between 2023 and 2028, driven by continued economic growth, manufacturing and consumer upgrades. Benefiting from strong economic growth, continued urbanization, growing consumer demand, and booming intra-Asian trade driven by the growing importance of Southeast Asia in the global supply chain, the rise of cross-border e-commerce, government favouritism policies and regional trade initiatives, Asia outside of China is expected during the same period The composite annual growth rate of the continent market will reach 6.9%.

Cornerstone Investors

For cornerstone investors, Oaktree, WT Asset Management, WT Asset Management, China Taibao, Green Better, Infini, Wind Sabre, Morgan Stanley International, Ghisallo, Rui County Asset Management, etc., have agreed to subscribe or induce their designated entity subscriptions at the offering price of approximately US$0.205 billion (assuming an offer price of HK$34.30, i.e. the median of the range).

Funding Purposes

For financing purposes, Shun Fung Holdings expects net proceeds from global sales to be approximately HK$5.661 billion (based on the average issue price of HK$34.30). Pursuant to the offering, Shun Feng Holdings intends to use the global IPO for the following purposes:

Approximately 45.0% of the raised funds will be used to strengthen the company's international and cross-border logistics capabilities; approximately 35.0% of the net fundraising will be used to enhance and optimize the company's logistics network and services in China; approximately 10.0% of the fundraising will be used to develop advanced technology and digital solutions, upgrade the company's supply chain and supplies Flow Services and ImplementationESGRelated initiatives; approximately 10.0% of the net funds raised will be used as working capital and general corporate purposes.

Read more:Shun Fung Holdings Prospectus

How to Subscribe to Shun Fung IPO with 0 Interest 0 Fees

Buy new shares only through conventional and/or futu expansion, and you can buy them immediately for a recurring fee^^, and the interest will reach $109,300 through bank expansion*! 

Use the 0.167 billion dollar expansion calculation for the purchase of pharmaceutical companies (02268.HK). The sample is for illustrative purposes only, the stock market is risky, and investors must re-enter the market. New shares are available only for Bank Expansion, and Futuro International Expansion Interest is available for display on the Purchase page. To increase the average foreign exchange rate by purchasing more, buy more money up to 50 pips #.Learn more0 Interest 0 Handling Fee

How to Make a New Share Purchase in Futu

In Futu, it only takes three steps to buy new shares!

STEP 1: OPEN A SECURITIES ACCOUNT TO SUBSCRIBE FOR NEW SHARES

Open a combined account on Futu, click below to open now and enjoy the opening reward of over $USD.(Open an account now)

Step 2: After entering the new share center, enter the Futubull APP, select the market cap, select the Hong Kong shares, and then select the new shares you need to buy.

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Select the method you hope to purchase (Ordinary, Futures, or Bank Expansion) and enter the quantity and proceed with the purchase.

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*New share buybacks are limited to Bank Expansion, and Futu and Futu will demonstrate international earnings on the purchase page as standard.

^0Real-time fee refers to the cash purchase and/or the Futu Expansion Procurement Fee0 application fee.

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