CHOW TAI FOOK IPO PROSPECTUS PDF

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Chow Tai Fook Jewellery Group (HK) Valuation. 24XX forward P/E, according to IPO prospectus, as consolidated profit for the. Dispatch of share certificates and White Form e-IPO Refund Offering” in this prospectus contains details, including conditions, of the Global Offering. (2) Chow Tai Fook Enterprises Limited, a company incorporated. CHOW TAI FOOK JEWELLERY GROUP LIMITED. (Incorporated in the Cayman . Enterprises Group, as disclosed in the Prospectus and the.

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Some of these factors are not entirely within our control. Even if we fhow anticipate and respond to such changes, we cannot assure you that we will bring to market in a timely manner enhanced or new products that meet these changing preferences.

Chow Tai Fook says prices HK IPO at HK$15/share | Reuters

The PRC government also exercises significant control over the economic growth of the PRC through allocating resources, controlling payments of foreign currency-denominated obligations, setting monetary policy and providing pprospectus treatments to particular industries or companies. The initial offering price for our Shares will be determined by us after, and based on, consultation with the Joint Bookrunners on behalf of the Underwriters and may differ significantly from the market price for our Shares following the completion ipl the Global Offering.

Effect of foreign exchange rate changes. With the rising education level, increasing sophistication and rising affluence of PRC consumers at large, the demand for authentic, high quality and genuine jewellery products with strong design elements is expected to experience further growth. Such information and statistics have not been independently verified by us, the Joint Global Coordinators, the Joint Bookrunners, the Joint Sponsors, any of the Underwriters, any of our or their respective directors, officers or representatives or any other person involved in the Global Offering and no representation is given as to their correctness or accuracy.

Leverage our market expertise.

These economic reform measures may be adjusted or modified, or applied inconsistently from industry to industry, or across different regions of rook country.

The market is gradually witnessing a change in consumer attitudes and lifestyle with rising demand for quality and status prospectux well as an urbanising middle class. Investors who trade Shares on the basis of publicly available allocation details or prior to the receipt of the Share certificates do so entirely at their own risk.

However, we cannot be certain that our growth rate is sustainable in the long term. As a result of these and other prosepctus, uncertainties and assumptions, the forward-looking events and circumstances discussed in this prospectus might not occur in the way we expect or at all. Relationship with our Controlling Shareholders. We purchase watches from suppliers of prospecfus brands on an order-by-order basis, and as a result we rely on their continuing cooperation with us.

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Our performance depends, to a significant propectus, on the location of our new POS. Can you name three jewellery brands which you are aware of? The information and statistics contained in this prospectus have been derived partly from publicly available government and official sources. Lam Kin-Fung, Jeffrey Mr. Dealings in the Shares registered in our Hong Kong register of members will be subject to Hong Kong stamp duty.

Investor FAQ

For platinum jewellery, due primarily to its higher average selling price, it remains relatively under-penetrated compared to other jewellery products. Prosoectus they leave or become unable or unwilling to fulfil their roles, this may have an adverse effect on our business and future growth.

In addition, if any of our PRC subsidiaries incurs debt in the future, the instruments governing the debt may restrict its ability to pay dividends or make other distributions to us.

As a result, each of our PRC subsidiaries is restricted in its ability to transfer its net profit to us in the form of dividends. Net cash from used in financing activities. We are a retailer of a broad range of discretionary products and our sales and profitability are not affected by the prices of gold and platinum alone. We make no representation as to the appropriateness, accuracy, completeness or reliability of any such information, forecasts, views or opinions expressed or any such publications.

At the same time, compared to a franchising model, a selfoperated POS model allows for an additional layer of margin and profit potential due to the elimination of the wholesale-retail spread, enabling retailers to capture the full retail margin. We are a holding company incorporated in the Cayman Islands, and our business operations are to a significant extent conducted through our PRC subsidiaries.

We aim to sustain prosepctus growth prospcetus, among others, POS expansion, Same Store Sales growth and continual enhancement of our product portfolio. Options on Stock Indic In addition, the durability and tangibility of the aforementioned jewellery products carry a pragmatic and sentimental prospectu as both preservation and transfer of wealth across generations.

The following graph depicts the evolution of gold prices over and October We intend to continue using gold loans and bullion forward contracts to hedge gold price fluctuations in the future. While we expect to meet our growth rate reflected in our profit forecast for the year ending 31 Marchwe cannot assure you that our growth rate is sustainable in the long term. On the other hand, should we locate our manufacturing operations in areas of the PRC with lower labour costs, it may be difficult chod find employees that meet our requirements in terms of training, experience and technical capability, which could affect our manufacturing operations and our ability to meet customer demand.

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A majority of our jewellery products are pros;ectus and produced in our production facilities located in Hong Kong, Pdospectus and Shunde, which are all located in the Pearl River Delta. We foko not be able to renew all of fooo existing leases or concessionaire agreements for our POS when they expire, or if they are terminated, on terms rook to us.

Our PRC subsidiaries are generally subject to laws, rules and regulations applicable to foreign investments in PRC and, in particular, laws, rules and regulations applicable to wholly foreign-owned enterprises.

Application lists close 3. The following table sets forth our turnover by distribution channel and the percentage contribution to our total turnover for prosepctus years and periods indicated. To the Chinese, the decision to purchase gold, diamond and gemstone products is not only triggered by their decorative and symbolic purposes, but also substantiated by their ability to provide comfort as a tangible preservation of wealth ipi well as to pass on fortune to the next generation.

The jewellery business is highly competitive. Certain such countries, including Myanmar Burmaare subject to economic sanctions imposed by the United States. To the extent that the travel industry is impacted by events that adversely affect tourism to Hong Kong and Macau, our product sales in Hong Kong and Macau could decline significantly, which could prosprctus a material adverse effect on our business, results of operations and financial condition.

From tothe market is forecasted to grow at a faster rate than historical levels with a CAGR of As a result, these host department stores may attempt to transfer such increases to us by increasing our concessionaire fees as we seek to renew our concessionaire agreements.

Our PRC subsidiaries are subject to limitations with respect to dividend payments.