LUNG FUNG GROUP(02290) pricing IPO at HK5.18-6.38 per share X

28/05/2026 15:10

(Infocast News) Lung Fung Group (02290.HK), Hong Kong's largest beauty, healthcare, and pharmaceutical retailer in terms of average revenue per store (FY2025), starts its initial public offering (IPO) today. The details are as follows:

Shares offered: 125 million shares, 112.5 million shares for International Placement (90%) and 12.5 million shares (10%) for public offer (with Over-allotment Option 15%)

Offer Price Range: HK$5.18-HK$6.38 per share

Fundraising Size: HK$583 million - HK$718 million

Net proceeds: HK$672.1 million
(i) Approximately HK$245.9 million, representing 36.6% of the net proceeds, is expected to be used for expanding, enhancing and optimising our physical and online sales network
ii) Approximately HK$23.5 million, representing 3.5% of the net proceeds, is expected to be used for brand management and marketing to increase mass awareness of our Group and the effectiveness of our marketing activities
iii) Approximately HK$23.5 million, representing 3.5% of the net proceeds, is expected to be used for strengthening our supply chain capability through expanding and upgrading our existing procurement office and warehouse in Japan and warehouse in Korea;
(iv) Approximately HK$76.8 million, representing 11.4% of the net proceeds, is expected to be used for upgrading and enhancing our information technology systems, mainly for implementing a new warehouse management system and upgrading our point-of-sales system;
(v) Approximately HK$134.4 million, representing 20.0% of the net proceeds, is expected to be used to repay our outstanding loans;
(vi) Approximately HK$100.8 million, representing 15.0% of the net proceeds, is expected to be used to pursue selective strategic investment and acquisition opportunities and further develop strategic partnerships to expand our business scale and our geographic coverage; and
(vii) Approximately HK$67.2 million, representing 10.0% of the net proceeds, is expected to be used as general working capital of our Group.

Board Lot Size: 500 shares

IPO Entry Fee: HK$3,222.17

Offer Period: May 28 to June 2

Pricing Date: June 3

Listing Date: June 5

Sole Sponsor: DBS

eIPO Platform: www.hkeipo.hk

(SY)

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