New Stock Debut | FUJING HOLDINGS Goes Public Today, Surging Nearly 110% in Early Trading
M+ Global Updates 28/03/2024 09:41

On March 28th, $FUJING HOLDINGS 02497.HK$ made its debut on the Hong Kong Stock Exchange, opening with a rise of about 97%, and rising by approximately 110% at the time of publication.

It's reported that the company issued around 100 million shares, priced at 1.08 Hong Kong dollars per share, with a trading unit of 2000 shares.

During the public offering stage, $FUJING HOLDINGS 02497.HK$ received approximately 294.13 times oversubscription. The final number of shares allocated to the public offering amounted to approximately 14.62% of the total shares offered, equating to 14.62 million shares before any exercise of over-allotment options. The rate of successful allocation for the minimum trading unit was 10.02%.

Company Profile

$FUJING HOLDINGS 02497.HK$ is the largest producer of potted vegetable agricultural products in Shandong Province. Since 2012, the company has focused on selling its products within Shandong and expanded its sales network to Xi'an in Shaanxi Province and Dalian in Liaoning Province in 2019. As of the latest effective date, FUJING has three large-scale planting bases in Laixi, Xi'an, and Dalian, with a total area of about 431,605 square meters, including 140 high-standard greenhouse sheds covering a total construction area of 155,401 square meters. During the past recording period, FUJING's products were promoted and sold under the brand "FUJING Agriculture," encompassing 29 varieties of potted vegetable agricultural products. The company distributes its products through its network in China and resells to over 1,000 terminal customers in Shandong, Liaoning, and Shaanxi provinces.


The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

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