Bestway Global Holding Inc. Successfully Listed on the Main Board of SEHK
Latest Update:
16 th November, 2017

 

Bestway Global Holding Inc. (stock code: 3358), a leading and one of the most well-established branded companies in the global water leisure products market, was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited at 9:30am on 16 Novmeber, with a board lot of 500 shares.

 

Morgan Stanley Asia Limited is the Sole Sponsor and the Sole Global Coordinator, Morgan Stanley and CMB International Capital Limited are the Joint Bookrunners and the Joint Lead Managers of the Global Offering.

                                                      

Bestway Global's Chairman, Executive Director and Chief Executive Officer, Mr. Zhu Qiang comments, "Bestway Global has stepped into the international capital market and embarks a new journey as a listed company. The Offer Shares of Bestway Global have been well received under both Hong Kong public tranche and International tranche, representing well recognition in the capital market. This result revealed the full confidence of the investors in the growth of the Company and global outdoor leisure products market. The success of the listing will not only lead Bestway Global to the next milestone, but also lay a solid foundation for the long-term development of the Company."

 

"Our vision is to create fun, lasting experiences for everyone in the world through the products and services we provide. Since our humble beginnings in 1994, we have devoted our efforts to strengthening our research, design, development and manufacturing capacities, while continuously expanding our product and brand portfolio. Our products can now be found in over 110 countries across six continents worldwide. Looking forward, Bestway Global will capitalize the opportunities brought by the growth of the global outdoor leisure products market, further expand our business in Asian market, optimize cost effective, enhance our research, design, development and manufacturing capacities, actively seek M&A opportunity as well as maximize the return of investors."

 

About Bestway Global Holding Inc

 

Bestway Global is a leading and one of the most well-established branded companies in the global water leisure products market. The Company's branded products have been sold to markets globally with a reputation for excellent product design, quality, functionality and value. Currently, the Company has 9 overseas subsidiaries across the world and implements the strategy of integrated R&D development on a global basis with research centers in Europe, the United States and Shanghai, the PRC. The Company also has three large-scale production plants in Yangtze River Delta region. The Company predominantly designs, develops, manufactures and sells an extensive range of innovative, exciting and high value-added outdoor leisure products primarily under the Bestway brand umbrella, with a proven track record of pioneering and successfully introducing new product categories. It currently offers approximately 1,100 products across its four core product groups, including a comprehensive selection of above-ground pools and portable spas, recreation products, sporting goods, and camping products, designed to cater to a wide range of consumer groups and geographic markets.

 

Benefited from extensive adoption of inflatable technology in outdoor leisure products industry in recent years, the Company enjoyed strong and stable revenue growth in global markets over the past several years, with significant improvements in profitability. The Company’s revenue increased from US$467.9 million for the year ended December 31, 2014 to US$584.5 million for the year ended December 31, 2016, representing a CAGR of approximately 11.8%, outpacing overall industry growth. Revenue further increased by 19.3% from US$353.4 million in the first half of 2016 to US$421.6 million in the first half of 2017. The Company’s profit for the year increased from US$8.4 million for the year ended December 31, 2014 to US$43.0 million for the year ended December 31, 2016, representing a CAGR of approximately 125.9%. Profit for the period (excluding listing expenses for the Global Offering) further increased by 23.0% from US$30.3 million in the first half of 2016 to US$37.2 million in the first half of 2017.

Latest Update:
16 th November, 2017