Dali Food breaks on the first day of listing in Hong Kong

Dali Food breaks on the first day of listing in Hong Kong

Daly Foods, which owns several brands such as Baker, Hezheng, Lehu, Daly Park, etc., was listed on the Hong Kong Stock Exchange last Friday. Although the first-day closing price of the listed shares fell below the issue price, it still cannot stop the new Fujian. The birth of the richest man.

The actual controller of Daly Foods is Xu Shihui and his family. They control 85% of Daly Food's IPO, which is 11.64 billion shares. Xu Shihui, Chen Liling (Xu Shihui's wife) and Xu Yangyang (Xu Shihui's daughter, 32 years old) hold the Xu Shihui family respectively. 50%, 10% and 40% of the shares of Daly Foods, ie 42.5%, 8.5% and 34% of the shares of the listed company, respectively.

On the first day of listing, Daly Foods Co., Ltd. closed at HK$5 and fell below the issue price, a decrease of 4.76%. However, according to this price calculation, the stock market value of the Xu Shihui family is locked at HK$58.2 billion, of which Xu Shihui is HK$29.1 billion. Her daughter Xu Yangyang is HK$23.28 billion. The market value of the two stocks is equivalent to RMB23.949 billion and RMB19.159 billion, respectively.

This is just the stock market wealth of the Xu Shihui family in the food industry. It does not include real estate, hotel industry, finance and other unlisted assets. Xu Shihui’s family’s exposure to the wealth of IPO rewritten the ranks of the richest people in Fujian.

In the recently announced 2015 Hurun China 100 list, Fujian Shishiji’s Xu Rongmao family ranks first in Fujian’s wealthiest with 350 billion yuan in wealth; Anxi’s Sanan Group’s Lin Xiucheng and Lin Zhiqiang’s father and son ranks the richest in Fujian with 34 billion yuan in wealth. Ranked 43rd in the country; Xu Shihui family ranked 262th with assets of 11.5 billion yuan. According to the market value of Daly Foods owned by the Xu Shihui family, Xu Shihui’s family wealth exceeds the above-mentioned wealthy.

It is understood that Daly Foods, which focuses on celebrity endorsements and ad bombardment in marketing, has achieved steady growth in recent years. From 2012 to 2014, Daly Foods' revenues were 10.8 billion, 12.8 billion, and 14.9 billion yuan, respectively, and net profits were 693 million, 1.191 billion, and 2.077 billion yuan, respectively. In the first half of this year, Daly Foods had revenue of 8.505 billion yuan and net profit of 1.517 billion yuan.

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