红星冷链(01641.HK)拟全球发售2326.3万股H股 引入福慧达香港作为基石

Core Viewpoint - Hongxing Cold Chain (01641.HK) plans to globally offer 23.263 million H-shares at a price of HKD 12.26 per share, with the offering period from December 31, 2025, to January 8, 2026, and trading expected to commence on January 13, 2026 [1][2]. Company Overview - The company is a provider of frozen food storage services and frozen food store leasing services, headquartered in Changsha, Hunan Province. It has developed a business model that combines frozen food warehouses with leasing services to connect wholesalers and retailers in the frozen food supply chain [2]. - The company offers frozen food storage services to wholesalers and retailers, providing warehouse capacity and management services, including sorting, classification, packaging, inventory tracking, and safety management [2]. - The company also leases stores to wholesalers and retailers for conducting frozen food transactions, charging rent based on the store's location [2]. Fundraising and Use of Proceeds - The estimated net proceeds from the global offering are approximately HKD 252.3 million. The company plans to allocate these funds as follows: about 57.5% for building a new processing plant and expanding frozen food storage warehouses; approximately 12.8% for upgrading existing equipment and IT infrastructure, including investments in AI technology; around 19.7% for seeking strategic acquisitions and partnerships; and about 10.0% for working capital and general corporate purposes [3]. - The company has entered into a cornerstone investment agreement with Fuhua Hong Kong, which will subscribe for shares worth approximately HKD 22.06 million at the offering price [2][3].