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Hanbo Enterprises Holdings Limited Announces Global Offering and Proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited

July 7, 2014

Hong Kong, July 8, 2014 - (ACN Newswire) - Hanbo Enterprises Holdings Limited ("Hanbo", and together with its subsidiaries, the "Group"), a one-stop solution provider of apparel supply management services, announced the details of its Global Offering and proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEx"). Investment Highlights 1. One-stop solution provider of apparel supply chain management services 2. Early market mover advantage with 23 years of industry experience 3. Customer base comprises mainly well-known and reputable brands - Specialty retailers of various products and discount stores (including Target Corporation) - Specialty stores (including Cato Corporation) - Department stores (including some of the largest US-based department store operators which ranked amongst the top five retailers in the US (by revenue) and which have flagship stores in New York) 4. Extensive and diversified supply network-covers the Greater China region and Southeast Asian countries, including Bangladesh and Cambodia 5. Stringent quality assurance and control measures 6. Experienced and professional management can proactively adapt to the fast-changing industry A total of 120,000,000 Shares are to be made available, of which 90% or 108,000,000 Shares (subject to adjustment) are for International Placing and the remaining 10% or 12,000,000 Shares (subject to adjustment) are for the Hong Kong Public Offer. Assuming an Offer Price of HK$0.54 per Offer Share (being the mid-point of the indicative proposed Offer Price range of HK$0.46 to HK$0.62 per Offer Share), it is estimated that the net proceeds to the Group after deducting related expenses will be approximately HK$48,400,000. The allotment results are to be announced on 10 July 2014 (Thursday). Trading of Hanbo's shares will commence on the Main Board of the HKEx at 9:00 a.m. on 11 July 2014 (Friday) under the stock code of 1367. The shares will be traded in board lots of 4,000 shares. Quam Capital Limited is the Sponsor of the listing. Quam Securities Company Limited is the Sole Global Coordinator, Sole Bookrunner and Sole Lead Manager. Mr. CHENG Lap Yin, Chairman & Executive Director of Hanbo, said, "We are delighted to witness this major milestone in Hanbo's development. With the in-depth knowledge and extensive experience of our management team, we are confident that we can maintain a leading position in the apparel supply chain management service industry. Our successful listing on the Main Board will accelerate our business expansion and strengthen customer loyalty to our services as it boosts our brand recognition." One-stop solution provider of apparel supply chain management services Established in 1991, Hanbo plays an integral role, and is closely involved, in each step and the entire flow of the apparel supply chain, starting from sourcing of raw materials and third-party manufacturers, product design and development, sample creation, production management, merchandising, quality control and logistics management to social compliance monitoring services. The Group believes that this outsourced package of services is more cost effective and efficient for customers, as they do not have to separately engage service providers for each step in the apparel supply chain which may be more time consuming and costly. Long-term relationships with apparel brand owners or retailers and manufacturers The Group has developed a concentrated customer base comprising well-known and reputable specialty stores including Cato Corporation and a US-based specialty retailer of a wide range of products, Target Corporation, a US-based large discount store operator, as well as some of the largest US-based department store operators. The Group has maintained business relationships with its top five customers for six to 14 years. Two of Hanbo's top ten customers are top US retailers or brands. Together, they accounted for about HK$315.4 billion of retail sales in 2012 in the global market. With such retailers or brands as part of its customer base, the Group enjoys a more stable income. A well-established reputation enables a more stable income and strong brand reputation The extensive supply network of Hanbo covers the Greater China region and Southeast Asian countries, including Bangladesh and Cambodia, enabling the Group to quickly respond to changing industry demands and maintain a stable supply of apparel products for customers. Stringent quality assurance and control measures The Group has adopted stringent quality assurance and control measures to ensure that the apparel products are of high quality. As at 20 June 2014, Hanbo's production and quality control department comprised 27 staff stationed in Hong Kong, Shenzhen, Cambodia and Bangladesh. The department is fully conversant with the latest quality standards (such as the AQL standard and the Four-Point System) applicable to apparel products and the raw materials for the production of apparel products. To drive future growth, Hanbo intends to broaden existing woven wear product offerings and expand product types to include cut-and-sewn knitwear. Hanbo will also increase coverage of the apparel market, in particular, the men's and women's winter apparel market. The Group intends to attract new customers in the PRC market by leveraging its network of third-party manufacturers in Cambodia and Bangladesh. Hanbo will also improve its self-developed ERP system's functionality and relevance to its business operations. Towards this end, the Group is developing new features such as a mobile application which would provide increased accessibility to the ERP system from a wider range of portable electronic devices so that the progress of orders can be monitored by its staff or customers. Furthermore, enhancements to the logistics management module to the ERP system will shorten customers' lead times and help to differentiate the Group's services from its competitors. During the three years ended 31 December 2013, the Group engaged on average 32 third-party manufacturers each year which are located mainly in Cambodia, Bangladesh and the PRC. The Group is exploring the possibility of engaging third-party manufacturers in Vietnam and Indonesia. Leveraging its deep-rooted expertise in product design and development, the Group remains firmly committed to providing total customer satisfaction. Thus, it intends to recruit additional experts to further enhance its design and product development capabilities. Mr. Cheng concluded, "The number of apparel retailers looking to source raw materials from new suppliers globally is expected to increase. Unfamiliarity with certain geographical locations could lead to more market opportunities for us due to our established network with local suppliers and manufacturers. To seize these opportunities, we are committed to expand our customer base while also broadening our vendor network. We are confident that our professional management team will lead strong performances and contribute positive returns for our shareholders in the future." Offer Details: Issuer: Hanbo Enterprises Holdings Limited Listing: Main Board of HKEx Stock Code: 1367 No. of Offer Shares: 120,000,000 Shares Offer Size: - No. of International Placing Shares 90% 108,000,000 Shares (subject to adjustment) - No. of Hong Kong Public Offer Shares 10% 12,000,000 Shares (subject to adjustment) Offer Price Range: HK$0.46HK$0.62 per Share Market Capitalisation: - Based on an Offer Price of HK$0.46 per Share: HK$220,800,000 - Based on an Offer Price of HK$0.62 per Share: HK$297,600,000 Allotment Results: 10 July 2014 (Thursday) First Trading Day: 11 July 2014 (Friday) Use of Proceeds Assuming the Offer Price of HK$0.54 per offer share (being the mid-point of the proposed Offer Price range), the net proceeds raised are estimated to be approximately HK$48,400,000 (after deducting related expenses) and will be used in the following manner: Utilisation / Approximately -- Enhancement of design and development capability - 33.0% -- Expansion of network of third-party manufacturers - 28.0% -- Product type expansion - 14.5% -- Enhancement of IT system and upgrading of ERP system - 14.5% -- Working capital and other general corporate purposes - 10.0% Contact: Strategic Financial Relations Limited Heidi SO +852 2864 4826 Brenda CHAN +852 2864 4833 Angela NG +852 2864 4855 Source: Hanbo Enterprises Holdings Limited Copyright 2014 ACN Newswire. All rights reserved.

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Source: ACN Newswire (Japan)

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