We are a leading Hong Kong-based chain retail store of beauty, health and pharmaceutical products under our 'Lung Fung' (龍豐) brand. We focus on offering a wide variety of value-for-money products to our customers through our 31 retail stores in Hong Kong and our various online sales platforms. Our product categories include beauty products, health products, pharmaceutical products, and other consumer goods such as household daily essentials and food products.
Listing Date
2026-06-05
Listing Rules Era
New Rules (after Aug 2025)
Listing Rules Chapter
To be extracted
Weighted Voting Rights (WVR)
No
Registered Address (Mainland China)
To be extracted
Business Address (Hong Kong)
5/F, Lung Fung Group Centre, 23 Yip Cheong Street, Fanling, New Territories, Hong Kong
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
Lots Subscribed
Shares Subscribed
Subscription Amount (HKD)
1 lots
500
HK$ 2,590
2 lots
1,000
HK$ 5,180
3 lots
1,500
HK$ 7,770
4 lots
2,000
HK$ 10,360
5 lots
2,500
HK$ 12,950
6 lots
3,000
HK$ 15,540
7 lots
3,500
HK$ 18,130
8 lots
4,000
HK$ 20,720
10 lots
5,000
HK$ 25,900
12 lots
6,000
HK$ 31,080
14 lots
7,000
HK$ 36,260
16 lots
8,000
HK$ 41,440
18 lots
9,000
HK$ 46,620
20 lots
10,000
HK$ 51,800
30 lots
15,000
HK$ 77,700
40 lots
20,000
HK$ 103,600
50 lots
25,000
HK$ 129,500
60 lots
30,000
HK$ 155,400
80 lots
40,000
HK$ 207,200
100 lots
50,000
HK$ 259,000
Valuation & Financials
Market Cap (at Offer Price)
To be extracted
Pre-IPO Valuation (Last Round)
To be extracted
P/E Ratio
To be extracted
Profit/Loss Status
Net profit HK$170.4 million
Period-End Cash Balance
To be extracted
Listing Expenses
To be extracted
Listing Expenses / Funds Raised
To be extracted
Total Pre-IPO Investment
To be extracted
First Day Performance
First Day Close
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Use of Proceeds
Use of Proceeds
Approx. 36.6% for expanding sales network, 3.5% for brand marketing, 3.5% for supply chain, 11.4% for IT systems, 20.0% for loan repayment, 15.0% for acquisitions, and 10.0% for working capital.
Underwriting Syndicate
Sole Sponsor (1)
星展亚洲融资有限公司 CE AAE430(sole)
Overall Coordinators (1)
星展亚洲融资有限公司 CE AAE430(sole)
Joint Global Coordinators (1)
星展亚洲融资有限公司 CE AAE430(sole)
Joint Bookrunners (5)
星展亚洲融资有限公司 CE AAE430(sole)招银国际融资有限公司 CE AVM940PHILLIP SECURITIES (HONG KONG) LIMITED CE AAG460浦银国际融资有限公司 CE BFZ375盈立证券有限公司 CE BJA907
Joint Lead Managers (5)
星展亚洲融资有限公司 CE AAE430(sole)招银国际融资有限公司 CE AVM940PHILLIP SECURITIES (HONG KONG) LIMITED CE AAG460浦银国际融资有限公司 CE BFZ375盈立证券有限公司 CE BJA907
Capital Market Intermediaries (5)
星展亚洲融资有限公司 CE AAE430(sole)招银国际融资有限公司 CE AVM940PHILLIP SECURITIES (HONG KONG) LIMITED CE AAG460浦银国际融资有限公司 CE BFZ375盈立证券有限公司 CE BJA907
Service Providers
Role
Institution
Legal Advisor to Company
的近律师行
Conyers Dill & Pearman
金诚同达律师事务所
Legal Advisor to Sponsors/Underwriters
金杜律师事务所
Auditor and Reporting Accountant
德勤•关黄陈方会计师行
Industry Advisor
弗若斯特沙利文有限公司
Compliance Advisor
星展亚洲融资有限公司 CE AAE430
Receiving Banks
星展银行（香港）有限公司
中国银行（香港）有限公司
H Share Registrar
卓佳证券登记有限公司
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
Chairman
Tse Siu Hoi
Company Secretary
Lam Yin Ling
No director data available.
Major Shareholders
Major Shareholders & Holdings
TTK Holding Limited (75.0%); Mr. Tse Siu Hoi, Mrs. Tse and Ms. Tse Chui Ying (each deemed interested in TTK Holding's shares)
AIAI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.
Market Sentiment
The IPO saw massive oversubscription at 664.92x, signaling intense retail demand for 龙丰集团. Remarkably, the hit rate was 100%, meaning every valid application received an allocation—a stark deviation from typical lottery draws in hot IPOs. Such a uniform distribution, combined with strong enthusiasm, suggests cautious pricing or guaranteed allocation structures. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
With a 100% hit rate and no rejected applications, the usual tier-based allocation inefficiencies (e.g., 甲尾 receiving barely more than 乙头) are absent here. All applicants, regardless of subscription size, got at least one lot, flattening the typical advantages of larger bids. However, without detailed tier data, it's unclear if larger applications received disproportionately higher allocations per dollar. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland China participants dominated at 77.2%, reflecting strong cross-border appetite and likely heavy promotion in the Greater Bay Area. Male investors (59.7%) slightly outnumbered females, with an average age of 41.9, indicating mature, experienced investors. Given typical patterns, Guangdong accounts likely drove the regional participation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Offering Structure
Subscription Tiers
IPO Timeline
Disclaimer & Risk Warning
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