Leidi.com Rakuten September 14th
Fenbo Holdings Limited (referred to as: Huibao Industrial, stock code: "FEBO"), the holding company of Huibao Industrial Co., Ltd., recently submitted a prospectus to the U.S. SEC.
Huibao Industrial plans to issue 1 million shares at an issue price of US$4 to US$6, with a maximum fundraising of US$6 million.
Fenbo Holdings Limited ("FHL"), the listed entity of Huibao Industrial, is a Cayman company established on September 30, 2022. The company mainly conducts business through operating entities in Hong Kong and Shenzhen.
Huibao Industrial is an electronic hairdressing equipment manufacturer that designs and produces personal care appliances such as irons, hair straighteners, curling irons and toy products.
The prospectus shows that Huibao Industrial's revenue in 2021 and 2022 will be HK$140 million and HK$119 million (approximately US$15.35 million) respectively; net profits will be HK$824,000 and HK$8.65 million (approximately US$1.11 million) respectively.
Before the IPO, Li Kin Shing held 80% of the shares, and Yuk Tong Lam and Fung Ming Pang each held 5%.
———————————————
Leidi was founded by media person Lei Jianping. If you reprint, please indicate the source.
