Handbag Manufacturer Hua Xin Handbag Announces IPO In Hongkong Stock Exchange

According to the world clothing and shoe net, Hongkong was not in January 10th.

Wah Sun Handbags International Holdings Limited, hereinafter referred to as Huaxin handbag, publishes details of the initial public offering (IPO) at the Hongkong stock exchange.

The stock code of Hua Xin handbag is 2683, and the selling price ranges from 1 to HK $1.38 per share, that is, 13 to 18 cents per share.

According to the information provided by the company, Huaxin handbag was established in Hongkong in 1989. It is a leading global manufacturer of non leather handbags (OEM, also called foundry enterprise), mainly in polyurethane (PU), polyvinyl chloride (PVC) and many kinds of products.

Materials manufacture and sale of handbags, shoulder bags, satchel bags and other handbags.

Huaxin handbags have production bases in China's Dongguan and Kampuchea, employing more than 4750 employees, and producing 9 million 200 thousand handbags last year.

Its terminal customers are mainly 15 well-known multinational fashion companies based in the US, Canada, Spain, Sweden and Japan, including Aldo Group and Nine West Holdings.

In 2017, 71.5% of Huaxin handbags exported to North America, 17.5% exported to Europe, 8.3% exported to Asia, and the rest exported to other countries.

According to the report of consulting firm Frost&Sullivan, Huaxin handbag is the fifth largest non leather handbag manufacturer in the world in 2016. It is the largest in Kampuchea and the second largest in China. Its market share is: 0.4% in the world, 68.3% in Kampuchea, and 0.5% in China (according to sales income).

Frost&Sullivan also points out that the global public

And the middle end Non Leather Handbag retail market was calculated at a compound annual growth rate of 5.6%, from $64 billion 700 million in 2012 to $80 billion 400 million in 2016.

The sales of Huaxin handbags increased from HK $546 million in fiscal 2015 to HK $585 million 900 thousand in fiscal 2016, and sales reached HK $677 million 200 thousand in fiscal 2017.

The Huaxin handbag project is mainly invested in the Kampuchea business set up in 2013 with the funds raised from listing, about 65% of which will be used to expand the productivity and team of Kampuchea factories.

Dbs Asia Capital Limited (DBS Asia Capital Limited) is the exclusive global coordinator, account manager and lead agent of the IPO.

The company is the second fashion industry manufacturer listed in the Hongkong stock exchange in four months.

The first fashion supply chain company listed here is Crystal International Group, which went public in October 2017. It is a clothing production giant that is supplied by well-known clothing retailers such as Vitoria's Secret parent L Brands and UNIQLO's fast selling group.

(HK $1 is currently about 0.8339 RMB).

More interesting reports, please pay attention to the world clothing shoes and hats net.