Fu shou yuan, a private provider that listed in hong kong in. The timessquare emerging markets small cap team uses a bottom up, fundamental researchintensive approach to seek to identify emerging markets small cap stocks with the greatest potential to achieve price appreciation. Hong kong was the worlds top ipo venue from 2009 to 2011, and while it has fallen away recently the new year has started with a bang, especially for less orthodox companies. Shares of fu shou yuan international group ltd, chinas largest provider of funeral services, soared as much as 66 percent in their hong kong trading debut on thursday, leading a pack of firstday trading gains in the city. Shanghaibased fu shou yuan international, the largest provider of death care services on the mainland by revenue and geographical coverage, plans to launch a. Fu shou yuan research information ipo global research. Nets as offering of up to 105,000,000 ordinary shares. Ipo hopefuls business is built on a dead certainty. This would convert to an aggressive growth expectation of more than 25% in coming 5 years, and i would. Dec 17, 2014 the niche business is growing faster than the companys other segmentsgross profits rose by 32% between 2011 and 20, according to the companys ipo prospectus pdf, p. China funeral company soars in hk debut, leads spate of. Carlyle group lps visit to one of funeral services provider fu shou yuan cemeteries has paid off, as the privateequity firm has seen become a cornerstone investor on the chinese companys up.
Chinese internet giants back these upcoming ipos qudian, sea. China funeral company soars in hk debut, leads spate of 1st day. Year 20 is expected to show a slight decline in earnings per share due to the issue of new shares during the ipo but the core business is expected to. Singapores ara asset management withdrew the yuan denominated ipo of dynasty reit due to a weak market. Mar 22, 2016 hong kong, mar 22, 2016 acn newswire fu shou yuan international group limited, announced its annual results for the year ended december 31, 2015. Fu shou yuan, which owns cemeteries in several chinese provinces, has also reported a profit. Year on year fu shou yuan international group ltd grew revenues 12. Fu shou yuan international group company profile markets. Since its ipo in 20, fu shou yuan has grown its portfolio from an initial seven cemeteries and. The average cost of a funeral service in beijing was 70,000 yuan about 10,700 us dollars in 2015, xinhua news agency reported. Facebook releases ipo prospectus and roadshow video featuring. Should there be a change in government policy or decision, both assets and hence profitability of fu shou yuan will be affected. Its average grave price was 80,211 yuan about 12,340 us dollars in 2015.
Cordlife group limited investor relations, find out the latest information whether you are interested in key performance ratios, financial news and results. Track performance, allocation, dividends, and risks. The fund seeks to outperform the msci emerging markets small cap index over a full market cycle. Initial public offering 9 december 20 page 1 of 2 fu shou yuan company background fu shou yuan fsy was the largest provider of death care services in the prc in terms of revenue and geographical coverage in the years ended december 31, 2010, 2011 and 2012. Prospectus the document is best viewed using the latest versions of chrome, firefox and internet explorer 11. View fshuf net cash flow, operating cash flow, operating expenses and cash dividends. The ipo is set to price on december 12 and debut on the hong kong stock exchange on december 19. Carlyle, farallon bet on china funeral growth with hong. Dalian wanda commercial properties prices ipo shares at hk. The niche business is growing faster than the companys other segmentsgross profits rose by 32% between 2011 and 20, according to the companys ipo prospectus pdf, p.
Top china funeral provider gains 66 pct in first trading day. Chinas largest funeral provider is trying to make death a luxury. Find the latest historical data for fu shou yuan international group ltd fshuf at. Netlink nbn trust, which owns 100% of the units in netlink trust, has a nationwide network that is the foundation of singapores next generation nationwide broadband network next gen nbn, over which ultrahighspeed internet access is delivered throughout mainland singapore and its connected islands. In addition the company has reduced the cost of goods sold as a percent of sales, selling, general and administrative expenses as a percent of sales and interest paid as a percent of sales. Fu shou yuan launched the initial public offering on monday, offering 500. Established in 1983, huationg global limited is principally engaged in the provision of a full range of civil engineering services and inland logistics support, and is also involved in the sale of construction materials, including the manufacture and supply of liquefied soil stabiliser lss and the sale of recycled concrete aggregate rca. China grave builder leads surge in ipo stocks on fed. Featured here, the balance sheet for fu shou yuan international group ltd, which summarizes the companys financial position including assets, liabilities and shareholder equity for each of the latest 4 period ending dates either quarterly or annually. It reported profits of rmb 550m on revenues of rmb 1. Prospectus, or the merits of the investment to which this prospectus relates. Nightclubs with diamante toilets, luxury cemeteries and local restaurants have made a splash during their debuts on hong kongs stock exchange, proving particularly popular among mom and pop investors squeezed out of more mainstream openings. Update 1carlyle, farallon bet on china funeral growth. Winfield has extensive experience representing corporate clients in china through their key stages of development including pre ipo financing.
And this was proven with demand of over 681 times for the retail portion of fu shou yuan s ipo shares back in dec 20 with as much as a. Top china funeral provider gains 66 pct in first trading. The group continued to extend the business presence of its core business across the country. Hk is a provider of burial and funeral services in china, with operations in more than 10 cities. Represented fu shou yuan international group limited hkex stock code. The marketwatch news department was not involved in the creation of this content. Pre ipo share option scheme in appendix v to this prospectus. Ipo prospectus thai beverage public company limited. Demand swells for ipo of china burial services group fu. Fu shou yuans recent share price decline presents investors with an opportunity to buy into a quality. Carlyle, farallon bet on chinas funeral growth with hk ipo. The ipo of the realestate investment trust, backed by hong kongs li kashing, would have. This document does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any of the offer shares in any jurisdiction to any person to whom it would be unlawful to make such an offer in such a.
Please click on prospectus images to download document. Ipo global research aggregates information on public companies and private companies, such as fu shou yuan ipo, which is intended to educate our readers and help them evaluate potential investment opportunities and market conditions. Global death care merchandise and services market 2020. Please read the prospectus carefully before investing. Fu shou yuan announces 2015 annual results marketwatch. Carlyle, farallon bet on china funeral growth with hk ipo. Fu shou yuan is the largest provider of death care services in the prc in terms of revenue and geographical coverage founded in 1994, fu shou yuan is one of the first private companies that enters into the prc death care services industry our brand, fu shou yuan, is a death care services brand in the prc and enjoys strong brand recognition. Oct 30, 2014 from their prospectus, fu shou yuan with revenue of rmb480 million was reportedly one of the largest death care service providers in terms of revenue and geographical coverage in the peoples republic of china prc in 2012.
Dalian wanda commercial properties, controlled by wang jianlin, has priced its initial public offering near the top end of the marketing range, at. Within seven days after the date of this prospectus the company will apply to the asx for listing of the company and quotation of the shares on the asx listing. According to the companys prospectus, four cornerstone investors including carlyle. Fancy investing in chinas largest cemetery operator. Even funeral businesses are listed, yup you heard that right. Fu shou yuan has demonstrated sterling financial metrics. For more information about the ipo, please login to the trading interface. Carlyle and farallon to invest in chinese funeral company.
From their prospectus, fu shou yuan with revenue of rmb480 million was reportedly one of the largest death care service. Fu shou yuan international group ltd fshuf historical. Quirky ipos make a splash in hong kong, business news. The prospectus include essentially the same information as facebooks s1 filing to ipo, but with more polished. The company has an overallotment option to sell another 75 million shares, according to its ipo prospectus. Chinas local governments are making a killing off of funerals quartz. Apr 23, 2020 cdn newswire via comtex global death care merchandise and services market growth status and. At the time of writing, fu shou yuan international group is trading at hkd 8.
Please download the free adobe acrobat reader to view these documents. Hong kong, mar 22, 2016 acn newswire fu shou yuan international group limited, announced its annual results for the year ended december. Prospectus 21 tue 22 wed 23 thu 24 fri 27 mon 28 tue. Hong kong afp nightclubs with diamante toilets, luxury cemeteries and local restaurants have made a splash during their debuts on hong kongs stock exchange, proving particularly popular among. Fu shou yuan s ipo was swamped by orders from small investors with the retail portion generating demand of more than 681 times the shares on offer, a company filing showed on wednesday. Represented the sponsors in connection with glory land company limited hkex stock code. Correctedupdate 1carlyle, farallon bet on china funeral. May 03, 2012 the roadshow site also hosts the prospectus for investors embedded below. Hk including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the company factsheet. Pilot scheme requiring the early posting of a near final draft ipo prospectus on the hkex website to commence january 2008 the stock exchange of hong kong limited the exchange and the securities and futures commission sfc published a joint policy statement on 5 november 2007, announcing that they are launching a pilot scheme. Mar 21, 2016 hong kong, mar 22, 2016 acn newswire fu shou yuan international group limited, announced its annual results for the year ended december 31, 2015.
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