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Akuan Food's IPO was terminated: it had planned to raise 670 million Hillhouse and Moutai Jianxin are shareholders

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Akuan Food's IPO was terminated: it had planned to raise 670 million Hillhouse and Moutai Jianxin are shareholders

Lei Jianping on December 20

Sichuan Baijia Akuan Food Industry Co., Ltd. (hereinafter referred to as "Akuan Food") IPO was terminated a few days ago, and Akuan Food was preparing to be listed on the Shenzhen Stock Exchange.

Akuan Food's IPO was terminated: it had planned to raise 670 million Hillhouse and Moutai Jianxin are shareholders

Akuan Food originally planned to raise 665 million yuan, of which 535 million yuan was used for the construction project of the health food industrial park (phase I) and 130 million yuan for the construction project of the R&D center.

Annual sales of 1.2 billion

Akuan Food's IPO was terminated: it had planned to raise 670 million Hillhouse and Moutai Jianxin are shareholders

According to reports, Akuan Food was founded in 2015, born under the wave of the Internet, Akuan represents the positive attitude of young people to life, and is a brand that provides a new generation of convenient fast food solutions. Akuan Food's main categories: including non-fried instant noodles, boiled noodles, instant vermicelli, instant rice noodles, and self-heating food.

Akuan Food's IPO was terminated: it had planned to raise 670 million Hillhouse and Moutai Jianxin are shareholders

According to the prospectus, Akuan Food's revenue in 2020, 2021, and 2022 will be 1.1 billion, 1.21 billion yuan, and 1.246 billion yuan respectively, and the net profit will be 76.078 million yuan, 55.84 million yuan, and 68.344 million yuan respectively, and the net profit after deducting non-profits will be 83.364 million yuan, 64.0478 million yuan, and 66.59 million yuan respectively.

Hillhouse and Moutai Jianxin are shareholders

Akuan Food's IPO was terminated: it had planned to raise 670 million Hillhouse and Moutai Jianxin are shareholders

The controlling shareholder and actual controller of Akuan Food is Chen Zhaohui. Tan Chiu Fai, a Chinese national, has permanent residency in Singapore. According to reports, Chen Zhaohui was born in 1969, worked as a civil servant, and later went to the sea to start a business, initially doing marketing, and later founded Akuan Food.

Akuan Food's IPO was terminated: it had planned to raise 670 million Hillhouse and Moutai Jianxin are shareholders

Chen Zhaohui once said that in the vast sea of market economy, Akuan food is just an insignificant droplet, only to stimulate their own enthusiasm and potential to the greatest extent, and make unremitting efforts, in order to truly achieve their goals and dreams. "We have experienced the joy and glory of success, the pain and confusion of failure, we have enjoyed the joy and glory of the peak, experienced the shame and fear of falling to the bottom, and never gave up the pace of moving forward. ”

On May 28, 2020, Akuan Co., Ltd. made a resolution at the shareholders' meeting, agreeing to increase the capital contribution of Akuan Co., Ltd. from 88 million yuan to 92,888,889 yuan, and the new capital contribution will be subscribed by Hillhouse Yiheng, Moutai Jianxin, Hope Investment and Changzhou Binfu with monetary funds, and other shareholders will waive their preemptive rights.

Akuan Food's IPO was terminated: it had planned to raise 670 million Hillhouse and Moutai Jianxin are shareholders

Before the IPO, Chen Zhaohui held 52.0573% of the shares, Nanhai Growth held 6.3755% of the shares, Hillhouse Yiheng held 6.2075% of the shares, Qianhai Investment held 4.7816% of the shares, and Fenghua Investment held 4.3782% of the shares;

Changzhou Binfu holds 3.4642%, Chengdu Guangmao holds 3.2427%, Chengdu Jinju holds 2.9042%, Chengdu Shiya holds 2.6857%, Moutai Jianxin holds 1.1905%, and Qingdao Tongchuang is also a shareholder.

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Lei Di was founded by Lei Jianping, a media person, if it is reprinted, please indicate the source.

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