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02573 新琪安
NEWTREND GROUP
Listing Date2025/06/10    Listing in 3 Days
Listing Price--
COMPANY PROFILE

Newtrend Group Holding Co is a food-grade glycine and sucralose manufacturer with over 20 years of history. The Group procure raw materials and utilities from its suppliers for its production of food-grade glycine, industrial-grade glycine and sucralose, and sell to its customers including manufacturers, Designated Wholesalers and Other Wholesalers.

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The Group ranked first in the global food-grade glycine manufacturing industry in terms of sales volume and sales revenue in 2023. With respect to food-grade glycine, the Group’s global market share was approximately 5.1% and 3.1% in terms of sales volume and sales revenue in 2023, respectively. In 2023, food-grade glycine accounted for approximately 0.31% in the global food additives market in terms of sales volume.

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The Group have established an international supply chain service system. As at 21 May 2025, the Group had three production plants in the PRC, i.e. its Ji’an Plant, Yujiang Plant and Xizang Plant; one production plant in Thailand, i.e. its Thailand Plant; and one production plant in Indonesia, i.e. its Indonesia Plant. The Group have also developed a global sales network, and sold its products to customers located in around 40 countries across 6 continents. It have a diversified customer base across the world with around 150 customers in each year.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureFood & Beverages
Major Business AreaGlobal
Board Lot200
GLOBAL OFFERING
No. of Offer Shares10.59M H shares
No. of International Offer Shares9.53M H shares
No. of HK Offer Shares1.06M H shares
Offer Price$18.90 - $20.90
Stock Code2573
Sponsor(s)CMBC International Capital Limited
Underwriter(s)CMBC Securities Company Limited, China Industrial Securities International Capital Limited, Guosen Securities (HK) Capital Company Limited, ABCI Securities Company Limited, SPDB International Capital Limited, CMB International Capital Limited, ICBC International Securities Limited, CCB International Capital Limited, Ruibang Securities Limited, Patrons Securities Limited, Dragon Legend Capital Limited, Huafu International Securities Limited
TIME TABLE
Application PeriodMay 30 (Fri) - noon, Jun 05 (Thu)
Price Determination DateJun 06 (Fri)
Result Announcement DateOn or before Jun 09 (Mon)
Result Announcement DateOn or before Jun 09 (Mon)
Result Announcement DateOn or before Jun 10 (Tue)
Dealings in Shares commence onJun 10, 2025. (Tue)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$18.90 - $20.90
Capitalization1.82B - 2.01B
NAV / share ($)$7.18 - $7.40 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 19.9, the net proceeds raised would be HKD 174.30M, of which
21.3% : Production of isomalt in Thailand Plant
55.3% : Production of seaweed dietary fibre and serine
13.4% : Enhancement of R&D capabilities;
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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