HAI TIAN(SH:603288) Shen Zhen Shang Bao·2025-06-16 22:43Group 1 - The core viewpoint of the article highlights that Haitian Flavor Industry, a leading company in the A-share condiment industry, has initiated its global offering for H-shares in Hong Kong, aiming to raise approximately HKD 95.6 billion, making it one of the largest IPOs in the Hong Kong market this year [2][3]. - The offering period is set from June 11 to June 16, with a share price range of HKD 35 to HKD 36.3, and the H-shares are scheduled to be listed on the Hong Kong Stock Exchange on June 19 [2]. - The company plans to issue 263 million H-shares, with around 15.79 million shares allocated for public offering in Hong Kong, representing 6% of the total offering, while 94% will be for international investors [2]. Group 2 - The announcement indicates that the expected net proceeds from the offering, calculated at a median price of HKD 35.65 per share, will be approximately HKD 92.71 billion [3]. - Notably, the IPO has attracted significant interest from cornerstone investors, with a total subscription amount nearing HKD 47 billion, accounting for nearly 50% of the total shares offered [3]. - Haitian Flavor Industry has been recognized as the largest condiment company in China for 28 consecutive years, ranking first in the domestic market and fifth globally in terms of sales by 2024 [3]. Group 3 - Since its A-share listing in 2014, Haitian Flavor Industry has demonstrated robust growth, with revenue increasing from RMB 9.8 billion to RMB 26.9 billion from 2014 to 2024 [4]. - The funds raised from this IPO will primarily support the company's core business development, focusing on capacity expansion, technological research and development, market expansion, and brand building [4].