According to the Zhongtong Finance APP, on October 5th, TianTu Investment (01973) announced the results of its placement, with a final price of HKD 6.5 per share and 400 shares per lot. The estimated net proceeds from the global offering are approximately HKD 1.009 billion. The shares will be traded on the Hong Kong Stock Exchange starting at 9:00 am on October 6, 2023 (Friday).
TianTu Investment is the first leading private equity investment institution in China that focuses on consumer goods. For more than ten years, the company has been committed to promoting the development of Chinese consumer brands and enterprises. As of March 31, 2023, the company manages eight RMB funds and three USD funds, and has launched three new RMB funds during the reporting period and until the last practicable date.
According to data from Zhushi Consulting, from 2020 to 2022, TianTu Investment ranked first among all private equity investment institutions focusing on consumer goods in China in terms of the number of investment projects. During the same period, it ranked third among all private equity investors, second only to Tencent Investment and Sequoia China. As of March 31, 2023, the company has invested in a total of 222 portfolio companies, including 180 companies in the consumer sector, such as Zhou Hei Ya, Feihe International, Nayuki Tea, Xiaohongshu, Heytea, Womai Fresh, and Pagoda, as well as 42 companies in other industries such as biotechnology and technology. Specifically, the investments cover a wide range of successful consumer brands and companies, including Zhou Hei Ya, Feihe International, Nayuki Tea, Xiaohongshu, Heytea, Womai Fresh, and Pagoda.
As of March 31, 2023, TianTu Investment's total assets under management amounted to RMB 25.5 billion (including RMB 11 billion managed through consolidated funds, RMB 9.4 billion managed through unconsolidated funds, and RMB 5.1 billion in direct investments). As of March 31, 2023, the total committed capital raised by the company's funds from external investors amounted to RMB 11.1 billion (with institutional investors accounting for 95.7% and high-net-worth individuals accounting for 4.3%), in addition to RMB 2.4 billion in self-owned funds. As of January 1, 2020, 2020, 2021, 2022, and March 31, 2023, the average internal rate of return achieved by the company's managed funds was 16.2%, 17.8%, 28.2%, 16.0%, and 16.0% respectively.
It is worth noting that TianTu Investment believes that the Chinese consumer goods industry is still in its golden age. According to data from Zhushi Consulting, the size of China's consumer goods industry has increased from RMB 43.8 trillion in 2017 to RMB 55.7 trillion in 2022, with a compound annual growth rate of 4.9%. It is expected to reach RMB 77.0 trillion in 2027, with a compound annual growth rate of 6.7% from 2022 to 2027. According to the same source, the new consumer sector has shown particularly strong growth, with a compound annual growth rate of 15.3% since 2017, reaching RMB 10.8 trillion in 2022.
And it is expected to further increase at a compound annual growth rate of 15.7%, reaching RMB 22.5 trillion by 2027. Benefiting from the increasingly mature supply chain, abundant talent supply, and growing confidence of the new generation of consumers, Chinese brands and enterprises (especially emerging brands) are rapidly seizing market share in China.

01973

On October 5th, TianTu Investment announced the allocation results, with a final price of HKD 6.5 per share and 400 shares per lot. The estimated net proceeds from the global offering are approximately HKD 1.009 billion.

天图投资将于 10 月 6 日正式登陆港交所，每股定价为 6.5 港元。