The Hong Kong stock of SOFTCARE rose over 30% in the dark market, with a total market value exceeding HKD 20.6 billion, earning over HKD 1,500 per lot

On November 7th (Thursday), shares of SOFTCARE surged over 30% in the Hong Kong dark market, with a total market capitalization exceeding HKD 20.6 billion. Excluding transaction fees, one lot earned over HKD 1,500; the company priced its shares at HKD 26.2, with each lot consisting of 200 shares, and will officially list for trading on November 10th (next Monday). SOFTCARE is a multinational hygiene products company focused on rapidly developing emerging markets in Africa, Latin America, and Central Asia, primarily engaged in the development, manufacturing, and sales of baby diapers, baby pull-ups, sanitary napkins, and wet wipes for infants and women. During the track record period, the majority of the company's revenue came from sales to African customers. According to Frost & Sullivan, based on 2024 sales volume, the company ranks first in both the African baby diaper and sanitary napkin markets, with market shares of 20.3% and 15.6%, respectively; and based on 2024 revenue, the company ranks second in both the African baby diaper market and sanitary napkin market, with market shares of 17.2% and 11.9%, respectively. In terms of financial performance, SOFTCARE's revenue increased by 28.6% from USD 320 million in 2022 to USD 411.4 million in 2023, and further increased by 10.5% from USD 411.4 million in 2023 to USD 454.4 million in 2024. Additionally, revenue for the four months ending April 30, 2024, rose by 15.5% from USD 139.6 million to USD 161.3 million for the four months ending April 30, 2025