02691 南華期貨股份
NANHUA FUTURES
NANHUA FUTURES
| Register Close | 2025/12/17 IPO Closing in 4 Days |
| Listing Date | 2025/12/22 |
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IPO Detail
COMPANY PROFILE
Nanhua Futures Co. was founded in 1996 and headquartered in Hangzhou. It is a leading futures company in the PRC, providing global financial services to clients. The principal focus of the Group lies in the provision of futures and derivatives services, both within the PRC and in international markets.
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The Group’s offerings include PRC futures brokerage, PRC risk management service, PRC wealth management, and overseas financial services, covering the value chain of futures and derivatives.
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According to the Report, the Group ranked 8th among all futures companies in the PRC by total revenue in 2024, and 1st among all non-financial institution-related futures companies in the PRC by total revenue in 2024.
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The Group extends its reach across Asia, North America, and Europe, delivering round-the-clock cross-market trading services. The Group’s product mix covers a diverse range of asset classes, including futures and spot commodities (including agricultural, industrial, energy and chemical, and metals) as well as equity and fixed-income securities.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Other Financials |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 107.66M H shares |
| No. of International Offer Shares | 96.89M H shares |
| No. of HK Offer Shares | 10.77M H shares |
| Offer Price | $12.00 - $16.00 |
| Stock Code | 2691 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | CLSA Limited, HGNH International Securities Co., Limited, BOCI Asia Limited, CMB International Capital Limited, ABCI Securities Company Limited, Zheshang International Financial Holdings Co., Limited, Caitong International Securities Co., Limited, Arta Asset Management Limited, AVICT Global Asset Management Limited, China Everbright Securities (HK) Limited, Fortune (HK) Securities Limited, Waton Securities International Limited, Yellow River Securities Limited |
TIME TABLE
| Application Period | Dec 12 (Fri) - noon, Dec 17 (Wed) |
| Price Determination Date | Dec 18 (Thu) |
| Result Announcement Date | On or before Dec 19 (Fri) |
| Result Announcement Date | On or before Dec 19 (Fri) |
| Result Announcement Date | On or before Dec 22 (Mon) |
| Dealings in Shares commence on | Dec 22, 2025. (Mon) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $12.00 - $16.00 |
| Capitalization (H Shares) | 1.29B - 1.72B |
| NAV / share ($) | $8.23 - $8.8 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 14, the net proceeds raised would be HKD 1.41B, of which |
| 100% : Allocate all net proceeds to HGNH International, which plans to enhance the capital base of overseas subsidiaries in Hong Kong, the United Kingdom, the United States, and Singapore. |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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Listing --Offer Price︰--
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).