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鸣鸣很忙闯上市:晏周贷款超4亿元购买赵定所持股权,帮助其套现

Core Viewpoint - Hunan Mingming Hen Mang Commercial Chain Co., Ltd. (referred to as "Mingming Hen Mang") has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, with Goldman Sachs and Huatai International as joint sponsors [1][3] Company Overview - Mingming Hen Mang operates brands including "Snacks Hen Mang" and "Zhao Yiming Snacks," with the former founded in March 2017 and the latter in January 2019 [3] - The two companies merged in late 2023 to form Mingming Hen Mang Group, with Zhao Yiming serving as Vice Chairman and Executive Director, and Yan Zhou as Chairman and General Manager [3] - As of December 31, 2024, Mingming Hen Mang has established a network of 14,394 stores, with a projected GMV of approximately 55.531 billion yuan for 2024 [3] Shareholder Activity - Prior to the IPO, several shareholders of Mingming Hen Mang have transferred their stakes, including A-share listed company Yanjinpuzi, which sold its entire stake for 360 million yuan after investing 350 million yuan in a B-round financing in December 2023 [5] - Zhao Yiming's control over Mingming Hen Mang is approximately 22.69% through Yichun Bird's Nest, while Yan Zhou holds 25.75% of the company [16][19] - Zhao Yiming's stake transfer activities have raised questions about the actual cash-out amount, with the company acknowledging a cash-out of less than 100 million yuan, while calculations suggest it could exceed 565.656 million yuan [15][22]