Friday, March 29, 2024
 
Columnist
Martin Hennecke
 
ZHONG FA ZHAN
HKEx Stock Code : 00475 
 
Corporate Profile
The Group are a Hong Kong-based integrated fine jewelry designer, manufacturer and related integrated service provider to jewelry retailers and wholesalers in the US and countries and territories in the Middle East, Europe and the Asian-Pacific region. Its business objective is to become a fine jewelry service provider providing its customers with a variety of fine jewelry products, together with supply-chain and management services, ranging from branding and product support, sales and marketing management, inventory management and technology support.

The Group's products can be broadly categorised into (i) diamond jewelry products and (ii) diamond jewelry products with semi-precious and synthetic stones. It include rings, earrings, bracelet and bangle, pendant and brooch and necklace with a wide range of designs and styles. The Group's headquarters are located in Hong Kong with production support from the Panyu Plant. It also have business presences in London and New York to keep us abreast of the latest market trends and developments. They are also one of the foreign fine jewelry companies with a liaison office in India for purchase of diamond.

Assuming the Offer Price is HK$1.29 (being the mid-point of the indicative range of the Offer Price of between HK$1.08 and HK$1.50), the net proceeds of the New Issue are estimated to amount to approximately HK$56 million and mainly used for acquisition of new factory units; expansion of its sales networks in China market through Sinoble Jewelry (PRC); expand its sales networks in the US and European markets; repayment of its short term bank borrowings due to Standard Chartered Bank (Hong Kong) Limited; and general working capital.
Chairman Wu Hao Issued Capital (shares) 274M
Par Value HKD 0.01 Market Capitalisation (HKD) 405M
 
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