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Equity · IPO
Yihai Kerry Arawana Holdings’s IPO debut on Shenzhen Stock Exchange today
2020/10/15 03:48:10

Oct 15, 2020 (China Knowledge) - Yihai Kerry Arawana Holdings (300999) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 25.7 per share, raising RMB 13.93 bln. Its initial listing shares account for 10% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 31.12.

China Securities, Haitong Securities acted as the lead underwriter, and China Securities served as the sponsor for the IPO.

Earlier, Yihai Kerry Arawana Holdings said its IPO was 1,750 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Yihai Kerry Arawana Holdings Co Ltd is a company mainly engaged in research and development, production and sales of kitchen food. The Company's products are comprised of two types which are kitchen food and feed ingredients and oil technology products. The kitchen foods include cooking oil, rice, flour and condiments. Its cooking oil products cover blended oil, soybean oil, corn oil and olive oil. The feed ingredients and oil technology products include feed products, such as soybean meal, rapeseed meal and rice bran, and oil technology products, such as glycerin, surfactants, and vitamin E. The Company owns a range of brands, including Arawana, Wonder Farm, Orchid, Neptune and Reyland.

In financial year 2019, Yihai Kerry Arawana Holdings garnered a total revenue of RMB 170743.42 bln, up 2% YoY. In terms of net income, it achieved RMB 6,958 mln, up 4% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 8.72% and 3.27% respectively, earning per share (EPS) of 1.11 RMB.

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