Core Viewpoint - The company, 乐舒适 (02698.HK), is planning a global offering of 90.884 million shares, with a price range of HKD 24.20 to 26.20 per share, targeting to raise approximately HKD 2.141 billion in net proceeds from the offering [1][4]. Group 1: Company Overview - The company is a multinational hygiene products firm focused on emerging markets in Africa, Latin America, and Central Asia, primarily engaged in the development, manufacturing, and sales of baby diapers, baby pull-ups, sanitary napkins, and wet wipes [2]. - The company holds the leading market share in Africa for baby diapers and sanitary napkins, with respective shares of 20.3% and 15.6% based on 2024 sales volume [2]. - The company has established a strong operational strategy over 15 years, becoming a key player in the hygiene products industry across multiple African countries [2]. Group 2: Offering Details - The company plans to issue 90.884 million shares, with 9.0884 million shares available for sale in Hong Kong and 81.7956 million shares for international offering, subject to reallocation and the exercise of the over-allotment option [1]. - The cornerstone investors have agreed to subscribe for shares totaling approximately USD 139 million (around HKD 1.08 billion), representing about 47.14% of the global offering if the over-allotment option is not exercised [3]. - The estimated net proceeds of approximately HKD 2.141 billion will be allocated as follows: 71.4% for expanding production capacity and upgrading production lines, 11.6% for marketing in Africa, Latin America, and Central Asia, 4.7% for strategic acquisitions, 0.4% for upgrading the CRM system, 2.6% for hiring management consulting firms, and 9.3% for working capital and general corporate purposes [4].
乐舒适(02698.HK)预计11月10日上市 引入南方基金等多家基石