GF Securities (Hong Kong) Helps Fangzhou Inc. Successfully List on HKEX

2024-07-09 11:55 GF Securities (Hong Kong)

On July 9, 2024, Fangzhou Inc. (Stock Code: 6086.HK) successfully listed on the Main Board of the Hong Kong Stock Exchange. GF Securities (Hong Kong) acted as the joint bookrunner and joint lead manager for the offering.
The global offering of the company accounted for approximately 1.78% (before the exercise of the over-allotment option) of the total issued share capital of the company upon completion of the global offering. The offer price was set at HK$8.18 per share, and the total gross proceeds amounted to approximately HK$195 million (before the exercise of the over-allotment option).

The company's business focuses on chronic disease management, aiming to meet the needs of patients with chronic diseases (such as hypertension, cardiovascular and respiratory system diseases). Leveraging the company's chronic disease management platform, the company is committed to providing customized medical care and precise medication for the growing number of chronic disease patients, with the goal of expanding the service to a broader range of diseases.
As of December 31, 2023, the company had approximately 42.7 million registered users. The company's business scale and operating performance have continued to grow and improve. The total gross merchandise value (GMV) of the company's Healthy Guest platform and third-party e-commerce platform business increased from RMB1.945 billion in 2021 to RMB2.430 billion and RMB2.482 billion in 2022 and 2023, respectively.
Leveraging its extensive project experience and solid professional capabilities, GF Securities (Hong Kong) participated deeply in the market promotion work at the critical stages and time nodes of the company's listing, establishing good communication channels with investors. At the same time, GF Securities (Hong Kong) actively integrated the resources and advantages of its entire platform, efficiently participated in the book-building process, and helped the company successfully complete the book-building coverage and the successful listing.
Looking ahead, GF Securities (Hong Kong) will continue to uphold an global perspective and strive to provide high-quality investment banking services throughout the entire industry chain and life cycle for its clients, helping more outstanding Chinese companies to explore the overseas capital markets.
 
Note: "GF Securities (Hong Kong)" referred to in this text includes GF Holdings (Hong Kong) Corporation Limited and/or its relevant subsidiaries established in Hong Kong.
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