Hongqi Chain Formally Listed in Shenzhen SME Board
On September 5th, 2012, Chendu Hongqi Chain Co., Ltd. (Hongqi Chain, stock code: 002697) was formally listed in Shenzhen Stock Exchange SME Board, thus becoming the first convenience store company in China listed in A-share market.
Offering price of 18.76 yuan/share and purchase application scale of 50,000,000 shares attracted over 68.9 billion yuan purchase fund, making Hongqi Chain an eye-attracting “king of fund attracting” in retail industry.
Hongqi Chain is a leading company in Sichuan chained supermarkets. In 2011 Hongqi Chain realized an operation revenue of 3.448 billion yuan, and had a total assets of 1.559 billion yuan as end of June 2012. The company has 9 wholly-owned subsidiaries, 1,211 direct stores (comprising 37 24-hour convenience stores) including 1,203 conveniences stores and 8 medium-sized supermarkets, three logistics distribution centers, as well as 1 franchise store. Hongqi Chain has ranked in Top 500 China Service Industry Enterprises for 6 consecutive years.
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