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On the evening of December 19, the website of the Shenzhen Stock Exchange disclosed that Akuan Food and the sponsor applied to withdraw the issuance of listing application documents. In accordance with the relevant regulations, the Shenzhen Stock Exchange decided to terminate the review of its initial public offering and listing on the Main Board.
According to reports, Akuan Food submitted a prospectus at the end of 2021, and the company was transferred to the Shenzhen Stock Exchange for review after the full registration system in March this year. The withdrawal announced the eventual failure of the company's two-year efforts to go public.
According to the prospectus disclosed by Akuan Food on June 28, 2023, the controlling shareholder and actual controller of the company is Chen Zhaohui. Before the issuance, the company's total share capital was 95,822,222 shares, and the proposed public offering of new shares did not exceed 31,940,741 shares, accounting for no less than 25% of the company's total share capital after the issuance. Based on the company's public offering of 31,940,741 shares, before the issuance, Chen Zhaohui held 49,882,440 shares of the company, with a shareholding ratio of 52.0573%.
According to financial data, from 2020 to 2022, Akuan Food's operating income will be about 1.11 billion yuan, 1.214 billion yuan, and 1.246 billion yuan respectively, and the corresponding attributable net profit will be about 76.2649 million yuan, 58.9669 million yuan, and 68.8182 million yuan respectively.
Akuan Food originally planned to publicly issue no more than 31,940,741 RMB ordinary shares on the main board of the Shenzhen Stock Exchange, and originally planned to raise 66500000000 yuan, which was planned to be used for the construction project of the Health Food Industrial Park (Phase I) and the construction project of the R&D center.
The market size of convenience food exceeds 450 billion
According to the statistics of the "Market Prospect and Investment Planning Analysis Report of China's Convenience Food Industry" released by the Prospective Industry Research Institute, the market size of China's convenience food reached 452 billion yuan in 2019.
The development of the industry has promoted the continuous improvement of self-heating food products
With the improvement of social development level and the acceleration of people's life rhythm, in this context, self-heating food can better meet the needs of busy groups for immediate high-quality diet, so it has a good development prospect. At present, there are still certain phenomena in the self-heating food industry that need to be improved, such as the variety of self-heating food is still not rich enough, the safety of self-heating food has not been effectively standardized, the degree of production integration of enterprises needs to be improved, and the production cost of products has not been effectively reduced.
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For more research and analysis of this industry, please refer to the "Market Prospect and Investment Strategic Planning Analysis Report of China's Convenience Food Industry" by the Prospective Industry Research Institute
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