Herbs Generation Group Holdings Limited (02593) dropped over 8% on the second day of trading, briefly falling below the issue price of HKD 3.75. The stock closed up more than 10% yesterday. As of the time of writing, it has decreased by 7.73%, priced at HKD 3.82, with a trading volume of 22.05 million HKD.
Zhitong Finance APP learned that Herbs Generation Group Holdings Limited (02593) dropped over 8% on the second day of trading, briefly falling below the issue price of HKD 3.75. The stock closed up more than 10% yesterday. As of the time of writing, it has decreased by 7.73%, priced at HKD 3.82, with a trading volume of 22.05 million HKD.
It is reported that Herbs Generation Group Holdings Limited has been a diversified supplier of health and beauty products based in Hong Kong for over twenty years, using a multi-channel sales model, focusing on the development, sale, and marketing of its own brand products. Currently, the group operates a total of eight self-owned brands. According to a Frost & Sullivan report, in 2023, among all international and local health product suppliers in Hong Kong, the group ranked fifth in retail sales revenue for immune system health products, with a market share of approximately 4.9%.
It is worth noting that Herbs Generation Group Holdings Limited was formerly known as XIN YING MEI KESI, founded in 1999 by TVB star Kwok Chun-on and his sister, Kwok Chih-yin, along with an independent third party (who later exited in October 2000). According to the placement announcement, Herbs Generation Group Holdings Limited received an oversubscription of 6,083.63 times in the public offering, a subscription multiple only second to that of MOST KWAI CHUNG, which was listed in 2018, in the history of Hong Kong stocks.