Latest news with #AnjoyFoods
BusinessToday
30-06-2025
- Business
- BusinessToday
HKSE Wrap: Regional Optimism Lifts Sentiment For Hong Kong Stocks
Hong Kong's Hang Seng Index ended the week with modest gains, bolstered by improving global sentiment, a rebound in regional equity markets and a revival in local capital market activity. From June 23 to June 27, the index tracked higher alongside a broader Asia-Pacific rally, closing the week flat to slightly up. Investor confidence was buoyed by easing geopolitical tensions in the Middle East and dovish signals from the US Federal Reserve, which weakened the US dollar and reignited appetite for risk assets across Asia. The Hang Seng has climbed approximately 21.2% year-to-date, marking its strongest first-half (1H25) performance since 2021. Momentum in Hong Kong's capital markets added to the optimism. Anjoy Foods, a Chinese frozen food manufacturer, filed to raise up to HK$2.64 billion in a Hong Kong IPO, reflecting renewed investor interest in equity fundraising. Market attention is also turning to the highly anticipated Shein IPO, expected in 2H25. 'The improving pipeline of listings is a sign of growing confidence in Hong Kong's market structure and economic outlook,' said an equity strategist at a local investment bank. Looking ahead, analysts expect the Hang Seng Index to remain sensitive to global monetary policy developments, Chinese macroeconomic data and foreign capital flows. While volatility may persist, the market's recent resilience signals a cautiously constructive outlook for 2H25. Related
Reuters
25-06-2025
- Business
- Reuters
China's Anjoy Foods plans to raise up to $336.3 million in Hong Kong listing
June 25 (Reuters) - China's Anjoy Foods Group ( opens new tab aims to raise up to HK$2.64 billion ($336.31 million) from its Hong Kong listing, a regulatory filing showed on Wednesday. The frozen food maker will offer about 40 million H-shares under the issue, with a maximum offer price of HK$66.0 apiece. The move comes at a time of heightened interest from Mainland Chinese firms for secondary listing in Hong Kong, as companies seek to raise capital for their global expansion by listing in the financial hub. The Hong Kong stock exchange (HKEX) is also planning to attract listed companies in Southeast Asia and the Middle East for secondary listings in Hong Kong. The company has applied to the HKEX for the listing, it said. ($1 = 7.8498 Hong Kong dollars)
South China Morning Post
25-06-2025
- Business
- South China Morning Post
China's Anjoy Foods eyes Southeast Asia and Europe after Hong Kong listing
Anjoy Foods Group, mainland China's largest producer of frozen hotpot ingredients, said it plans to expand in overseas markets like Europe and Southeast Asia after it lists in Hong Kong. Liang Chen, board secretary of the Fujian-based company, told the Post that proceeds from the share sale would bolster its competitiveness in countries like Indonesia and Malaysia, where hotpot has been flourishing. He spoke ahead of the company's Hong Kong bookbuilding, which kicks off on Wednesday. 'Southeast Asia is a fast-growing market where not a single established brand [of frozen food] can be found,' he said. 'We believe it is a place for us to repeat our success after two decades of development in China.' The company was expected to raise as much as US$600 million by floating 59.5 million shares, which was based on its Shanghai closing price of 76.38 yuan (US$10.64) on Tuesday. A dual listing would raise Anjoy's international profile and was an opportunity to propel its drive to go global, Liang said. Anjoy was seeking to become the latest mainland company to embrace an influx of international capital into Hong Kong as global investors sought alternatives to US assets. 'The timing is right for us now to list shares in Hong Kong,' Liang said. 'The H-share market is providing Chinese companies like us [with the] best fundraising platform as we expand our business abroad.' According to market researcher Frost & Sullivan, hotpot catering businesses outside the mainland were projected to reach a market size of US$63.8 billion by 2028, which translated to annualised growth of 9.8 per cent for the five years starting in 2023.
South China Morning Post
25-06-2025
- Business
- South China Morning Post
Chinese hotpot giant Anjoy Foods eyes Southeast Asia and Europe after Hong Kong listing
Anjoy Foods Group, mainland China's largest producer of frozen hotpot ingredients, said it plans to expand in overseas markets like Europe and Southeast Asia after it lists in Hong Kong. Liang Chen, board secretary of the Fujian-based company, told the Post that proceeds from the share sale would bolster its competitiveness in countries like Indonesia and Malaysia, where hotpot has been flourishing. He spoke ahead of the company's Hong Kong bookbuilding, which kicks off on Wednesday. 'Southeast Asia is a fast-growing market where not a single established brand [of frozen food] can be found,' he said. 'We believe it is a place for us to repeat our success after two decades of development in China.' The company was expected to raise as much as US$600 million by floating 59.5 million shares, which was based on its Shanghai closing price of 76.38 yuan (US$10.64) on Tuesday. A dual listing would raise Anjoy's international profile and was an opportunity to propel its drive to go global, Liang said. Anjoy was seeking to become the latest mainland company to embrace an influx of international capital into Hong Kong as global investors sought alternatives to US assets. 'The timing is right for us now to list shares in Hong Kong,' Liang said. 'The H-share market is providing Chinese companies like us [with the] best fundraising platform as we expand our business abroad.' According to market researcher Frost & Sullivan, hotpot catering businesses outside the mainland were projected to reach a market size of US$63.8 billion by 2028, which translated to annualised growth of 9.8 per cent for the five years starting in 2023.
