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    700   KYG875721634

TENCENT HOLDINGS LIMITED

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Delayed Hong Kong Stock Exchange  -  04:08 2022-08-12 am EDT
304.20 HKD   +0.20%
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China's spicy snack maker Weilong files for Hong Kong IPO

05/13/2021 | 02:43am EDT

BEIJING (Reuters) - China's snack maker Weilong Delicious Global Holdings has filed for a Hong Kong initial public offering (IPO), according to a stock exchange filing.

Weilong, founded in 1999 and based in Luohe city in the central Chinese province of Henan, makes popular spicy snacks made of soybeans and eggs. It also produces non-spicy snacks.

Weilong did not disclose the target fundraising size. It has raised 3.56 billion yuan ($551.7 million) before it filed for the IPO from investors including CPE, Hillhouse, Tencent and Yunfeng Capital. Last year it posted an annual profit of 819 million yuan.

CICC, Morgan Stanley, and UBS are joint sponsors for the IPO, according to the filing published on Wednesday.

($1 = 6.4527 Chinese yuan)

(Reporting by Sophie Yu and Yilei Sun in Beijing, Scott Murdoch in Hong Kong; Editing by Jacqueline Wong)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MORGAN STANLEY 1.62% 91.66 Delayed Quote.-6.62%
S&P GSCI SOY BEANS INDEX 0.40% 577.3691 Real-time Quote.8.59%
SOYBEAN MEAL FUTURES (ZM) - CBE (ELECTRONIC)/C1 0.89% 520.2 End-of-day quote.0.00%
TENCENT HOLDINGS LIMITED 0.20% 304.2 Delayed Quote.-33.41%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.11% 6.7307 Delayed Quote.6.00%
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Financials
Sales 2022 579 B 85 855 M 85 855 M
Net income 2022 115 B 17 060 M 17 060 M
Net cash 2022 84 382 M 12 514 M 12 514 M
P/E ratio 2022 22,6x
Yield 2022 0,43%
Capitalization 2 496 B 370 B 370 B
EV / Sales 2022 4,17x
EV / Sales 2023 3,48x
Nbr of Employees 116 213
Free-Float 62,5%
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Mean consensus BUY
Number of Analysts 53
Last Close Price 261,67 CNY
Average target price 390,75 CNY
Spread / Average Target 49,3%
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Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau Chief Strategy & Investment Officer
Hai Feng Lin President
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
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