A few days ago, Fu Jian Anjoy Foods Co.Ltd(603345) released the announcement of the results of the non-public offering. The price of this offering is 116.08 yuan per share, the number of shares issued is 48.88 million, and the total amount of funds raised is about 5.7 billion yuan.
The issuance target of this fixed increase is finally determined as 19. In terms of public offering, China Merchants Fund, Hongde fund, Harvest Fund, CAITONG fund, Wells Fargo fund, South Fund, China Europe Fund and Hua’an fund were allocated; In terms of QFII / rqfii, Allianz global LED with 530 million yuan, and UBS group and JPMorgan securities were allocated more than 200 million yuan.
After the completion of this fixed increase, Allianz China A-share fund under Allianz global jumped to become Fu Jian Anjoy Foods Co.Ltd(603345) the fifth largest shareholder. Huitianfu fund was not successfully allocated, and Hu Xinwei’s fund was reduced to the seventh largest shareholder.
Fu Jian Anjoy Foods Co.Ltd(603345) 57 billion yuan fixed increase settled
On March 12, Fu Jian Anjoy Foods Co.Ltd(603345) issued a non-public offering result announcement as the leader of quick-frozen food in the A-share market. The price of this offering was 116.08 yuan per share, the number of shares issued was 48.88 million, and the total amount of funds raised was about 5.7 billion yuan.
The issuance target of this fixed increase is finally determined to be 19, including a number of head public offering institutions and well-known QFII / rqfii.
Source: company announcement
Specifically, in terms of public offering, China Merchants Fund, Hongde fund, Harvest Fund, CAITONG fund, Wells Fargo fund, South Fund, China Europe Fund and Hua’an fund were allocated, and most institutions were allocated more than 300 million yuan.
In terms of QFII / rqfii, Allianz global was allocated 530 million yuan this time, with the amount ranking first. UBS group, JPMorgan securities and Huatai financial holding (Hong Kong) were allocated 300 million yuan, 240 million yuan and 170 million yuan respectively.
In addition, some products of China Thailand asset management, Guotai Junan Securities Co.Ltd(601211) securities, CAITONG asset management and other securities companies and asset management of securities companies, as well as insurance assets such as everybody asset management and Tian’an life insurance have also been allocated.
Fu Jian Anjoy Foods Co.Ltd(603345) is mainly engaged in the R & D, production and sales of hot pot products mainly including quick-frozen surimi products and quick-frozen meat products, as well as quick-frozen noodles and rice products.
Fu Jian Anjoy Foods Co.Ltd(603345) announced that the company’s sales revenue showed a trend of rapid growth, and the product demand exceeded the company’s existing production capacity. The implementation of the fund-raising investment project will fully expand the company’s production capacity of quick-frozen food and effectively meet the market demand.
The fixed additional funds will be used to carry out safety protection technical transformation for the existing equipment of some factories and promote standardized production. At the same time, part of the funds will be used to improve the informatization level of the company and supplement working capital.
multiple public offerings actively rush to raise funds
It is worth noting that this fixed increase has attracted the participation of a number of public offerings, including not only the “regular” CAITONG fund in the fixed increase market, but also some institutions that rarely sell at ordinary times, such as Hua’an fund and Hongde fund.
As the “king of fixed growth” in the market, CAITONG fund has participated in a number of fixed growth projects since the beginning of the year, including the fixed growth of 4.6 billion yuan of China Suntien Green Energy Corporation Limited(600956) the fixed growth of 4.2 billion yuan of Xinjiang Tianshan Cement Co.Ltd(000877) and 3.8 billion yuan of GCL energy Fu Jian Anjoy Foods Co.Ltd(603345) is the first fixed increase project with a scale of 5 billion yuan or more.
Hua’an fund only works in large-scale fixed growth projects. In 2021, Hua’an fund participated in the fixed growth of Red Star Macalline Group Corporation Ltd(601828) and Chongqing Fuling Electric Power Industrial Co.Ltd(600452) and in 2020, it participated in the fixed growth of China Securities Co.Ltd(601066) , Wanda Film Holding Co.Ltd(002739) and Zhejiang Century Huatong Group Co.Ltd(002602) with the scale of most projects being 3 billion yuan or more.
Hongde fund participated in a small number of fixed increases, Fu Jian Anjoy Foods Co.Ltd(603345) is the second order of Hongde fund this year, while last year, Hongde fund participated in only one fixed increase. However, it is worth noting that several fixed increases participated by Hongde fund in recent years, including Zhejiang Dingli Machinery Co.Ltd(603338) , Weichai Power Co.Ltd(000338) , Yunnan Energy New Material Co.Ltd(002812) and so on, have seen heavyweight overseas investors.
Taking the Zhejiang Dingli Machinery Co.Ltd(603338) fixed increase issued at the beginning of the year as an example, two well-known overseas pension funds, the national first Pension Trust Corporation and the Ontario teachers’ Pension Plan Board (OTPP), appeared in the allocation list.
The fixed increase issued by Weichai Power Co.Ltd(000338) in mid-2021 also has the figure of Singapore government investment (GIC). For Yunnan Energy New Material Co.Ltd(002812) fixed increase issued in 2020, Quebec savings and investment group (cdpq) and Bill & Melinda Gates Foundation Trust rarely appear in the allocation list.
Allianz Global’s A-share fund jumped to the fifth largest shareholder
before this non-public offering, as of September 30, 2021, the top ten shareholders of Fu Jian Anjoy Foods Co.Ltd(603345) are as follows:
Source: company announcement
after the issuance, the shareholding of the top ten shareholders of the company after the registration of new shares is calculated as follows:
Source: company announcement
Among them, Allianz global investment’s A-share fund jumped from the ninth largest shareholder to the fifth largest shareholder, while huitianfu consumer industry hybrid fund decreased from the original sixth largest shareholder to the seventh largest shareholder.
Allianz China A-share fund under Allianz global investment was established in November 2020. It is a relatively young fund and the fund manager is Kevin you. By the end of January this year, the scale of the fund was about 11 billion yuan.
According to the data at the end of 2021, the fund’s position industries are relatively evenly distributed, involving information technology, finance, industry, basic consumption and other fields. The top ten heavyweight stocks include Contemporary Amperex Technology Co.Limited(300750) , China stock market news, Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) medicine, etc., covering a wide range.
Huang Ruiqi pointed out in the fund’s 2021 annual report that China’s A-shares have brought a wide range of ideal investment opportunities to foreign investors. The A-share market gives investors more opportunities to invest in China’s small and medium-sized enterprises and capture the potential growth of multiple industries. At the same time, the correlation between the A-share market and other major stock markets is low, which can inject diversity into the portfolio.
Source: annual report of Allianz China A-share fund in 2021
Huitianfu’s consumer industry mix is a fund headed by famous consumer Hu Xinwei. The fund was established in 2013, with a fund size of about 21.9 billion yuan by the end of last year.
According to the annual report, seven of the fund’s top ten heavyweight stocks are daily consumer stocks Fu Jian Anjoy Foods Co.Ltd(603345) since the end of the third quarter of 2020, it has been on the list of the top ten heavyweight stocks of the fund for a long time until it fell out of the list at the end of 2021.
It is worth noting that huitianfu fund participated in the fixed increase quotation of Fu Jian Anjoy Foods Co.Ltd(603345) at the purchase price of 116 yuan, and was not allocated successfully.
Previously, Hu Xinwei said in the fund’s four seasons report that he continued to be optimistic about investment opportunities in China’s consumer industry. Hu Xinwei believes that China has a broad demand market and huge consumption potential, and the industry is expected to maintain steady growth, which is one of the most certain investment opportunities in China. At the same time, China is in a huge wave of upgrading the consumption structure, which will continue for many years.
