On November 10, 2023/,Huashi Group Holdings Co., Ltd. Huashi Group Holdings Limited (abbreviation”Huashi Group”) (01111.HK), successfully listed on the main board of the Hong Kong Stock Exchange.
Huashi Group Holdings, from Wuhan, Hubei, founded in 2011, as a service provider for brands, advertising and marketing solutions, providing services in the entire value chain from market research to implementation of brand, advertising and marketing plans. Huashi Group's customers include brands and advertisers, including private and state-owned enterprises and government agencies, as well as advertising agencies from various industries such as beverages, health food production, automobile manufacturing, household goods manufacturing, tourism, agriculture, and related food processing.
Huashi Group HoldingsThis is the IPO global sale125 million shares(No over-allotment rights). The issue price was HK$1.04 per share, and the total capital raised was approximately HK$130 million.
According to the prospectus,Huashi Group HoldingsIn the shareholder structure after listing, the controlling shareholderChen JichengMr. Wang Shujin holds 64.40% of the shares through Jiayi Culture; Ms. Wang Shujin holds 5.55% of the shares through Yuanjin Culture; Mr. Nie Xing holds 5.03% of the shares through Youxin Capital; Mr. Hu Youyi holds 4.18% of the shares through Zhonglun Culture; Ms. Xue Yuchun holds 0.85% of the shares through Hubei Jiaying Culture; and Mr. Shen Hui holds 3.77% of the shares;Public shareholders hold 16.22% of the shares.
The intermediary team of Huashi Group Holdings (01111.HK) for this IPO listing mainly includes:
Huibo Capital is its exclusive sponsor, exclusive overall coordinator, joint global coordinator, joint bookkeeper, and co-lead manager;
CCB International, Agricultural Bank International, Cinda International, and Zhongjia Securities are their joint global coordinators, joint bookkeeping managers, and co-lead managers;
CMB International, SPDB International, Livermore Securities, Fosun International Securities, Huasheng Capital, Guangyin International, Jinlian Securities, Dongwu Securities, Yuanku Securities, Yuanku Securities, Shen Wan Hongyuan, and Zhongtai International are their joint bookkeeping managers and co-lead managers;
Lixin Dehao is its auditor;
Tianyuan and Winston are their company's Chinese lawyers and the company's Hong Kong lawyers respectively;
Jingtian Gongcheng and King & Wood & Wood & Wood & Wood & Wood & Wood are their brokerage firm's lawyers in Hong Kong, respectively;
Frost & Sullivan is his industry advisor.
Link to the prospectus of Huashi Group Holdings: