HONG KONG, Jan 13, 2023 – (ACN Newswire) – Magnificence Farm Scientific and Health Trade Inc. (“BeautyFarm Med” or “Company”, stock code: 2373.HK), the largest provider of ragged magnificence companies and products in China, this day announced the fraction results of its Global Offering. The Provide Imprint is HK$19.32 per portion. Dealings in the shares of the Company on the Predominant Board of the Stock Change of Hong Kong Small (the “Hong Kong Stock Change”) are expected to originate on 16 January 2023 (Monday) with a board lot dimension of 500 shares.The Hong Kong Provide Shares at the delivery supplied below the Hong Kong Public Offering had been very very much oversubscribed. A total of 6,671 exact applications had been purchased below the Hong Kong Public Offering thru the White Procure eIPO provider and the CCASS EIPO provider for a total of 89,670,000 Hong Kong Provide Shares, representing approximately 22.12 cases of the total number of 4,054,000 Hong Kong Provide Shares at the delivery readily available for subscription below the Hong Kong Public Offering. The Provide Shares at the delivery supplied below the World Offering had been moderately oversubscribed, representing approximately 4.7 cases of the total number of 36,482,500 World Provide Shares at the delivery readily available for subscription below the World Offering.
The proceeds raised from the Global Offering of shares purchased by the Company are planned to be used to lengthen and enhance the provider network, construct strategic mergers and acquisitions of franchise stores, and extra make investments in IT programs. The Company stated, thru on the field of three decades of deep cultivation in the industry and integration of resources, BeautyFarm Med has change exact into a main player in China’s magnificence and health administration provider industry. The reliable list on the Hong Kong Stock Change marks a crucial milestone in the history of the enchancment of BeautyFarm Med, opening a original chapter for the Company’s type. The eminent portion oversubscription reveals the belief and offers a enhance to of global investors for the Company’s industry type and lays an organization ground for the Company’s long-time length assert. Having a ask forward, BeautyFarm Med will proceed strategically expanding its provider network and advertising channels, introducing original applied sciences, instruments and merchandise, and expanding its provider choices; persevering with to domesticate, recruit and set high-caliber skills; and integrating industry resources by deepening cooperation with upstream suppliers, thereby persevering with to type higher price for the customers, shareholders and workers.
Magnificence Farm Scientific and Health Trade Inc.
Magnificence Farm Scientific and Health Trade Inc. (stock code: 2373.HK) is a main player in China’s magnificence and health administration provider industry, which has an limitless and exact consumer noxious, intensive network with growth efficiency, quite lots of companies and products and product choices as well to solid stamp consciousness. BeautyFarm Med is the largest provider of ragged magnificence companies and products and the fourth largest non-surgical gorgeous medical provider provider in China with a market portion of 0.2% and zero.6%, respectively, as measured by income in 2021 and in accordance with Frost & Sullivan. The Company offers overall magnificence and health administration companies and products thru its well-established and broadly identified stamp portfolio of BeautyFarm, Palaispa, CellCare and Neology. The provider choices of the Company duvet ragged magnificence companies and products, gorgeous medical companies and products as well to subhealth evaluation and intervention companies and products, in the end of the fat consumer lifecycle.
This press liberate is issued by Porda Havas World Finance Communications Neighborhood for and on behalf of Magnificence Farm Scientific and Health Trade Inc. For added files, please contact:
Porda Havas World Finance Communications Neighborhood
Cell phone: 852 3150 6788
Email: [email protected]
Topic: Press liberate summary
Provide: Magnificence Farm Scientific and Health Trade Inc.
Sectors: Healthcare & Pharm, Magnificence & Pores and skin Care
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