On December 30, Numans issued an announcement regarding its upcoming global share offering of 250 million shares, including 25 million shares for the Hong Kong public offering and 225 million shares for the international placement. An additional 15% overallotment option is available. The subscription period runs from December 30, 2024, to January 7, 2025, with the expected pricing date set for January 8, 2025.
The offering price range is HKD 0.80–1.09 per share, with a trading lot size of 8,000 shares. Fortune International Finance is acting as the sole sponsor. The company’s shares are expected to commence trading on the Hong Kong Stock Exchange on January 10, 2025.
The company is mainly engaged in the marketing, sales and distribution of nutritional products in China. During the track record period, the company’s nutritional products were sold under exclusive brands (i.e. “Nemans” and “Nemans”), which can be roughly divided into five main categories, namely algal oil DHA, probiotics, vitamins, multi-dimensional nutrients and algal calcium products. The company’s business relies heavily on the company’s brand. The company’s suppliers use the OEM model to manufacture the company’s nutritional products and/or attach the company’s brand labels to the company’s nutritional products. (Source: Securities Times)
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