[coffee King] Jierong plans to raise 780 million for Maiji and Guele suppliers next year.

For professional baristas, please follow the coffee workshop (Wechat official account cafe_style)
Jie Rong Group, a local "time-honored" coffee and black tea brand, plans to list in Hong Kong next year! According to investment bank sources, Jierong plans to list on the main board and is expected to submit an application for listing (commonly known as form A1) to the Stock Exchange as soon as the middle of this month, raising about US $100m (that is, about HK $780 million). BOC International and Shanghai Bank International are listing arrangement banks.
Huang Datang, the current chairman and chief executive of Jie Rong's third generation, mentioned earlier that the purpose of listing in Hong Kong was to fulfill his father's wish. In fact, after delisting from Singapore in 2013, it is reported that Jie Rong has actively deployed to list in Hong Kong, and in 2014, Mitsui, a large Japanese conglomerate, was introduced as a strategic investor. Mitsui bought less than 20% of Gerong's shares at that time. About 2.2 billion yen (equivalent to about HK $160 million) was involved, making it the second largest shareholder of Jierong, while Huang Datang held all the rest and was the largest shareholder of the group. According to the purchase price of Mitsui, Jierong had a market capitalization of about 800 million yuan at that time.
Jie Rong did not respond to the plan to list in Hong Kong.
Founded in 1932, Jie Rong, formerly known as Jie Rong, is engaged in grocery sales, wholesale and coffee roasting, while supplying coffee and black tea to local cafes. Standing in Hong Kong for 85 years, Jie Rong has been at the helm of the third generation and has become the largest provider of coffee and black tea catering services in Greater China. Its customers include hotels and chain restaurants, such as McDonald's, Guele (341), Da Happy (052), Cuihua (1314), Yoshino and so on. Its tea coffee kingdom has a market share of 80% in Hong Kong, which can be said to be a monopoly.
In addition to the main wholesale business, Jie Rong has also entered the retail market. 20 years ago, it launched instant coffee and milk tea, which were put on the shelves in supermarkets. In recent years, it has also represented Lipton Black Tea, coffee machines and other products, and developed a frozen food business. However, its performance still seems to be lower than that of wholesale. In order to make the brand more "close to the ground", Jie Rong hired the "Coffee Prince" and artist Chen Hao as brand spokesmen in 2009, and set up concept coffee shops in Central and Tsim Sha Tsui, but they all closed down one after another.
Some analysts pointed out that Jie Rong's brand is known to many people in Hong Kong, which may increase the interest of retail investors, but "investment is another matter." He pointed out that Jie Rong business is ostensibly simple wholesale trading, but behind or involving coffee futures hedging, investors should pay attention to its cost volatility or greater.
Jie Rong was listed in Singapore in 2001. Huang Datang once pointed out that due to the inactive trading, coupled with the fact that some family members had no intention of developing or even wanted to sell the company, he decided to privatize Jie Rong. The last time Jierong released financial data was in 2012, when it earned 602 million yuan and earned 22.5 million yuan. According to Jierong's official website, the Group has focused on expanding the Chinese market in recent years, which has quickly become the main driving force of the group's business growth.
In 2012, a trademark dispute broke out between Jie Rong and Singapore's high-end tea brand TWG (The Wellness Group) in Hong Kong. Jie Rong sued TWG for infringement, which was entangled by officials and non-officials for four years. Jie Rong won the final victory last year, which also swept away the uncertainty of the listing plan.
- Prev
Residents from the slopes tell tribal stories with coffee
Professional barista communication please pay attention to coffee workshop (Weixin Official Accounts cafe_style) from harvest, roast beans to rush out fragrant coffee, coffee worker John Li only uses coffee beans from tribes; he has skilled baking skills, his wife has international barista license, they use makazayazaya brand, express their identity with the township. Makazayazaya
- Next
[Jierong] the founder is known as the coffee king.
For the exchange of professional baristas, please pay attention to the 85-year-old Jie Rong of the coffee workshop (Wechat official account cafe_style). Its owner, Mr Wong, is one of the established families in Hong Kong, and many of its members are active in the local catering industry, especially in the local coffee industry. All this will start with Huang Datang, the grandfather of Jie Rong's current chairman, Huang Qiao, who is known as the king of coffee.
Related
- The more you look at it, the weirder it becomes?! Lucky linkage cup print three-eyed Tom Cat!
- Self-delivery modification was rejected! Customers come to the door and throw coffee angrily?!
- What degree of grind should I use to make coffee by hand? How fine should the coffee powder be ground with cold ice drops? What is the No. 20 screen? How fine are the grains of fine sugar? What is the appropriate grind for the espresso?
- Why is coffee bean watches always oily? Are the oil out of the coffee beans stale? Are oily coffee beans of higher quality? What is the difference between deep and light coffee?
- How long is the taste period for coffee? How long is the best time to finish your coffee? How long can coffee stay in a thermos cup? What is the best degree of hand-brewed coffee?
- Pour out all the raw materials! Many Lucky products are off the market!
- "Haidilao in the milk tea industry" Kawangka quietly increases its prices again! Netizen: No more drinking!
- Ask for 20,000 yuan! Coffee shop managers trick employees into fake marriages?!
- Milk tea takeout "strong" with 10 packs of tissue?! User: No collection or delivery
- Which is sour, deep-roasted or lightly roasted coffee? Do people who know coffee want light or deep roast? What is the difference in the degree of roasting coffee? What is the difference between lightly roasted coffee and deeply roasted coffee?