Jiangxi Qiyunshan Food (02797.HK): Final Offer Price Set at HK$8.00, Hong Kong Public Offering Oversubscribed by 1,688 Times

NewTimeSpace · 2026/07/08 21:37 · By Mingzhe Sun

Jiangxi Qiyunshan Food has set its final IPO offer price at HK$8.00 per share, the upper end of the range, for a global offering of 25 million H shares. The Hong Kong public offering was 1,688.1 times oversubscribed, while the international offering was 1.51 times covered, raising net proceeds of approximately HK$167 million. Controlling shareholders hold a combined 75% subject to lock-up until 8 July 2027. Trading is expected to commence on 9 July 2026, with a board lot of 500 shares.

Jiangxi Qiyunshan Food Co., Ltd. (Stock Code: 2797) announced the final offer price and allotment results of its global offering. The final offer price has been set at HK$8.00 per H share, at the upper end of the offer price range of HK$5.00 to HK$8.00. The global offering comprises 25,000,000 H shares, including 2,500,000 Hong Kong offer shares and 22,500,000 international offer shares. The total number of shares in issue upon listing will be 100,000,000. The gross proceeds will be approximately HK$200.0 million, and the net proceeds after deducting estimated listing expenses are approximately HK$167.0 million.

The Hong Kong public offering received 95,307 valid applications, with 4,876 successful applicants, representing a subscription level of 1,688.1 times. The international offering was 1.51 times subscribed, with 85 placees. Immediately following completion of the global offering, the controlling shareholder Chongyi Food Factory holds 56,250,000 shares (56.25%), and Yunzhishang Limited Partnership holds 18,750,000 shares (18.75%), totaling 75.00%, subject to a lock-up period until 8 July 2027. The directors confirm that no placee will individually be allotted more than 10% of the enlarged issued share capital, and there will be at least 300 shareholders at the time of listing. Trading of the H shares is expected to commence on the Stock Exchange at 9:00 a.m. on 9 July 2026, in board lots of 500 H shares each.

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