No Data
No Data
Baidu's investment, a health assistant for 1.96 billion people, sprinting towards listing on the Hong Kong stock market!
Another company in the digital health sector is approaching an IPO. It has been learned that recently, HealthRoad Co., Ltd. (referred to as "HealthRoad") submitted documents to the Hong Kong Stock Exchange, with Building International as the exclusive sponsor. This is the third time HealthRoad has submitted documents after the failed attempts in June 2023 and December 2023. HealthRoad was established in 2001, headquartered in Fuzhou, Fujian, formerly known as Renren Health. The company originally started by providing online health medical services to individual users, and in 2015, expanded its business to enterprise services and digital marketing services. According to the prospectus, as of the end of 2023.
The Healthy Road shocks the Hong Kong Stock Exchange: a net loss of over 0.7 billion in 3 years, with associated trade with companies related to baidu.
Benefiting from the expansion of the business scale, the revenue of Health Road has been increasing year by year, but the net loss of the company has been expanding year by year due to the increase in costs such as sales expenses, falling into the dilemma of increasing revenue without increasing profits. Over the years, there have been multiple related transactions between Health Road and the major shareholder, resulting in revenue that has once exceeded 10% of the total income.
Pre-IPO outlook| The three-year cumulative loss of 0.8 billion yuan by Jiankang Zhilu, the leading digital health and medical services platform, facing challenges to profitability?
Placed in the entire digital health industry, it is difficult for the revenue scale of Health Road to be competitive.
The road to health comes from fuzhou, fujian, again submitting IPO prospectus, planning to list in Hong Kong, with the exclusive sponsorship of Jianyin Bank.
The road to health comes from fuzhou, fujian, again submitting IPO prospectus, planning to list in Hong Kong, with the exclusive sponsorship of Jianyin Bank.
The road to health, from Fuzhou, Fujian, received the notice of the China Securities Regulatory Commission's filing for listing in Hong Kong, issuing no more than approximately 109 million shares.
According to the new regulations for domestic enterprises' overseas listing filing effective on March 31, 2023, the original pre-listing disclosure documents will become history for enterprises choosing H-shares listing in Hong Kong. The filing notice will replace the pre-listing disclosure documents for overseas listed companies.
Save Money the Healthy Way: 8 Diet Tips To Improve Your Well-Being and Wallet
No Data
No Data