CHOW TAI FOOK IPO PROSPECTUS PDF

Apr 19 2020
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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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As part of our growth strategy, we plan to establish more POS within the geographical areas where we currently operate and in new areas where we currently have no presence. Tier III cities and other lower tier cities: The term of a significant majority of our leases ranges from one year to four years. The operations we conduct on these properties may be adversely affected as a result of the absence of legal registration of these leases.

Accordingly, it is difficult to ascertain the impact of any future fluctuation in the prices of gold and platinum on such data. Relocation of any POS may cause disruptions to our business and may require significant expenditures, and we cannot assure you that in such a case, we will be able to find alternative premises that are suitable or on commercially acceptable terms, in a timely manner, if at all.

We diversify our portfolio of hedging transactions across many counterparties.

These borrowings are used mainly to finance our inventories and have increased over the Track Record Period as we expanded our POS and product selection. However, there may be circumstances under which certain types of losses, damages and liabilities are not covered by our insurance policies.

Should any of these suppliers become unable or unwilling to continue to supply us with the raw materials and the merchandise we need, our operations and financial results may be adversely affected.

For consumers in this market segment, brand prospectsu, brand reputation and style have become increasingly important purchase criteria. Our business model is vertically integrated from raw material procurement, design, production and marketing to sales through our extensive retail network.

Investor FAQ

Our revenues and results are impacted by changing economic conditions. Cheng Kam-Biu, Wilson Mr. Even if we do 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.

We may be exposed to counterparty risks in connection with our hedging transactions. As such, the mass to high-end luxury watch players are expected to benefit from this trend.

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If the PBOC interprets the Lending General Provisions differently to impose penalty on borrowers and imposes a fine on our subsidiaries, our results of operations may be adversely affected.

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With plans to reach over 2, jewellery POS bywe aim to open a net of approximately jewellery POS per year. 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. Stimulated by a subsequent strong demand recovery, rising mining cost and limited supply, both and prospectks first ten months of witnessed a high growth rate in the average price prospecttus polished diamond.

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

These economic reform measures may be adjusted or modified, or applied inconsistently from industry to industry, or across different regions of the country. Similar instances of supply and demand mismatch are also observed in other raw materials markets, such as that for diamond, which in turn could drive the scarcity value of precious stones and metals.

Freshfields Bruckhaus Deringer as to Cayman Islands laws: However, there is no assurance that the PBOC will not prsopectus the future enforce on such noncompliance retrospectively. Any of the above factors could increase the costs of our production or disrupt our production in the Pearl River Delta, which fai have a material adverse effect on our business, results of operations or financial condition.

We therefore cannot be certain that our growth rate will be sustainable in the long run. The following chart shows the breakdown of jewellery retail sales in the PRC by retail channel, in which department stores sales accounted for the largest portion inwith Total The Group 2. When selecting a site for a POS, we take into account various factors, including: However, as a result of rising affluence, increasing demand for quality products and lower operational costs in Tier III cities and other lower tier cities, many large-scale jewellery retailers are shifting focus to these cities for growth opportunities.

If you are required to pay PRC income taxes on the transfer of your holding of our Shares, the value of your investment in our Shares tak be materially and adversely affected. We are not aware of any material violations, infringements or unauthorised use in relation io our trade name or trademarks within the PRC or elsewhere.

Wong Siu-Kee, Kent Mr. Accordingly, our long-term outlook is dependent on economic conditions, which could adversely affect our business, financial condition, results of operations and prospects in ways that we cannot predict. In the event that our competitors react to any declines in consumer confidence by reducing retail prices, our ability to maintain our market share may be adversely impacted, and we may have to intensify our marketing efforts in order to compete effectively.

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Trade names that are identical or similar to our trade name may have been registered or used by third parties in other markets we may decide to enter. Wong Siu-Kee, Kent Dr.

Leverage our market expertise.

Unaudited forecast earnings per Share on a pro forma basis for the year ending 31 March 2. Expected Price Determination Date.

In all cases, investors should give consideration as to how much weight or importance they should place on all such facts and statistics. This industry trend has foook opportunities for industry players that are able to develop strong brand identities across a broad price range because consumers tend to be more willing to associate themselves with these brands through the loyal adoption of a wider array of their jewellery products. We use external financing to support the growth and expansion of our business.

The Interim Dividend will be paid out of our distributable profits and will be financed by our cash tau from our operations or available internal cash resources. Our management also holds regular meetings to review the effectiveness of our hedging strategies. Our image is also built on our ability to control the perception of our brand, our product designs, the materials used to make choa products, the presentation and quality of our products, fkok image of the stores in which our products are sold and the effectiveness of our brand messaging.

Currently, we have penetrated into only less than half of the cities including municipalities, prefecture-level cities and countylevel cities in the PRC and envision huge potential in the Greater China market. Aspiration to purchase higher value jewellery products Consumers traditionally seek to purchase higher value jewellery pieces as they progress through their consumer life cycle.

We select our franchisees carefully and require our franchisees to operate tak franchised POS according to our standards and consistent with our branding and marketing guidelines. In particular, in the high-end segment of the market, watches are no longer used as mere time-telling devices, but are also prsopectus accessories and status symbols.

Correspondingly, our profit for the year increased by While the prices of folk and platinum are subject to fluctuation in the future, the potential impact of any such future fluctuation on such data is unclear. Accordingly, you should not place undue reliance on any forward-looking information. At the same time, the urbanisation rate in the PRC increased from We may not be able to find suitable locations for new POS on commercially acceptable terms, if at all.