HAI TIAN(SH:603288) Zheng Quan Ri Bao·2025-06-19 16:53Group 1 - Haitan Flavoring Food Co., Ltd. (Haitian) successfully listed its H-shares on the Hong Kong Stock Exchange on June 19, with an initial offering price of HKD 36.30 per share, closing at HKD 36.50, a slight increase of 0.55% from the offering price [1] - The company issued a total of 279 million H-shares, raising approximately HKD 101.29 billion, with a net amount of HKD 100.10 billion [1] - The H-share offering was highly oversubscribed, with the Hong Kong public offering being oversubscribed by 918.15 times and the international offering by 22.93 times [1] Group 2 - Haitian's management emphasized a commitment to deepening its presence in the Chinese market while pursuing a global strategy, aiming to enhance its international brand image and competitiveness [2] - The company aims to utilize the funds raised from the H-share listing to support its global expansion, including enhancing its global research and development capabilities and improving its overseas supply chain [3] - According to a report, Haitian ranks first in the Chinese seasoning market, with a market share of 1.1% in the global seasoning market, which is projected to reach CNY 2.14 trillion in 2024 [2][3] Group 3 - In recent years, Haitian has made significant moves to expand its overseas presence, including the establishment of Haitian International Investment Co., Ltd. in 2023, with a registered capital of USD 1.5 million [3] - The company has also set up subsidiaries in Hong Kong and Indonesia, indicating a strategic focus on international trade and market penetration [3] - The funds raised from the H-share listing will be allocated to global brand image development, sales channel expansion, and enhancing overseas supply chain capabilities, which are critical for meeting local market demands [3]