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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We use external financing to support the growth and expansion of our business. Immediately following the completion of the Reorganisation and prior to the Listing, the structure of our Group is as follows: Our sales prospdctus watches accounted for 6.

Accordingly, our financial condition and results of operations as well as the growth of our business will be affected to a significant extent by economic, political and legal developments in the PRC.

However, tau cannot be certain that our growth rate is sustainable in the long term. While we have supply agreements with the DTC and Rio Tinto, any decisions made by this limited number of diamond mining firms to restrict the supply of rough diamonds could substantially impair our ability to source diamonds at commercially acceptable prices, if at all.

Chow Tai Fook Jewellery Group Limited – Investor Relations > Investor FAQ

The jewellery industry in Hong Kong and Macau is also highly concentrated, with the top 10 companies accounting for approximately We enter into gold loans and bullion forward contracts as part of our commodity price risk management policy to seek to reduce our exposure to fluctuations in gold price.

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. If we issue additional Shares in the future, purchasers of our Shares in the Global Offering may experience further dilution in their ownership percentage. Over the forecast period from togold products are estimated to maintain their leadership position with a CAGR of Our processing and production plants are concentrated in the Pearl River Delta.

Owners of the Company. Any failure to address these risks may have a material adverse effect on our business, financial condition and results of operations.

Uncertainties in the PRC legal system may have a material adverse effect on us. The term of a significant majority of our leases ranges from one year to four years. In addition, our Shareholders may experience dilution in their holdings to the extent we issue additional securities in future offerings.

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Leverage our market expertise.

These statements are based on many assumptions regarding our present and future business strategy prodpectus the environment in which we will operate in the future. Toward the end ofthe price of platinum was negatively affected due to the global financial crisis, as demand from industrial use decreased.

Comparatively, insales from Tier III cities and other lower tier cities accounted for approximately If any of these events occur, the trading price of the Shares could decline and you may lose all or part of your investment.

Taii new POS may not achieve our expected level of profitability within our desired time frame, or at all. Any such event may materially and prospecgus affect our business, results of operations and financial condition.

In order to maintain our current margins, we may be required either to increase our pricing or to locate our manufacturing elsewhere. We believe that our brand is recognised for its trustworthiness and authenticity, and that our products are known for their design, quality and value.

Specifically, per capita jewellery consumption in the PRC and Macau are both less than the world average, with that of the PRC being less than one-tenth the level estimated for United States. Although a new POS generally yields an operating profit within the first year of its operation, it may not achieve our expected level of profitability for a prolonged period choe time, or at all, due to a variety of factors, including, among others, i our ability to properly position our new POS and to execute our business strategy in the locality, ii actions by our existing or new competitors in the same locality and iii the effectiveness of our marketing activities in the locality.

Consumer survey Below is a summary of the consumer survey outcome with focus on brand awareness and purchase patterns conducted in August in the PRC, Hong Kong and Macau.

Despatch of Share certificates on or before 5. In 1HFY, retail revenue contributed approximately This perception shift has stimulated jewellery retailers to focus not only on quality, but also on the design and production of fashionoriented jewellery ornaments. Freshfields Bruckhaus Choww as to Cayman Islands laws: Overthe average price of polished diamond decreased by The number of Shares used in this calculation includes the Shares in issue as at the date of this prospectus and the Shares to be issued pursuant to the Global Offering but excludes any Shares which may be issued pursuant to the exercise of any options which may be granted under the Share Option Scheme or the issue mandate, or any Shares which may be repurchased pursuant to the repurchase mandate.

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Primary research chwo interviewing leading industry participants, consumers and third-party industry associations.

When was Chow Tai Fook’s initial public offering and at what price? We rely principally on dividends and other distributions paid by our subsidiaries, and limitations on their ability to pay dividends to us could have a material adverse effect on our business, results of operations and financial condition.

At times, the interests of the Controlling Shareholders may not be consistent with the interests of our other Shareholders. In particular, in the high-end segment of the market, watches are no longer used as mere time-telling devices, but are also fashion accessories and status symbols. Significant economic downturns and decreased consumer confidence in the PRC may also affect travel to Hong Kong and Macau.

In addition, investors choa the United States in particular could be restricted from investing in, and be required to divest any investments in, issuers that are associated even indirectly with sanctioned activities. The trust arrangements have always been for the benefit of CTF Holding.

Furthermore, we do not sell our products into the United States. In addition, customer preferences differ across and within each of our regions, and shift over time in response to changing aesthetics and economic circumstances.

No prospectuz of our share or loan capital of our Company is listed on or dealt in on any other stock exchange nor is there at present any proposal to do so.

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

Our policy is to register and protect our trade name, trademarks and other intellectual property rights in the jurisdictions where we operate, to the extent we are able to under relevant local law. We cannot assure you that we will be able to maintain our status as a DTC Sightholder or a Rio Tinto Select Diamantaire or we will be able to continue to renew our supply agreements on the same terms or on commercially acceptable terms, if at all.

Forecast consolidated profit attributable to the owners of the Company for the year ending 31 March 1. These reserves or funds are not distributable as dividends. Should any of these circumstances arise, we may not be able to source watches from other brands of comparable quality, image or prestige.