Anjoy Foods reduces subsidiary capital, lists H-shares, and expands acquisitions

Anjoy Foods Group Co., Ltd. announced a reduction in the registered capital of its subsidiary, Honghu Anjoy Food Co., Ltd., from RMB67,000 million to RMB52,000 million. This capital reduction, which solely affects uncalled capital, does not impact Honghu Anjoy's assets or operations and does not involve any actual cash flow. The company clarified that this move aligns with its capital efficiency goals and received approval from the chairman's office.

Concurrently, Anjoy Foods made its H-share debut on the Hong Kong Stock Exchange on July 4, 2025, issuing 39,994,700 H-shares at HK$60.00 each. This initial public offering generated net proceeds of approximately HK$2,302 million. The company plans to allocate these proceeds towards expanding sales and distribution networks (35%), enhancing procurement and supply chain optimization (35%), digitalizing business operations (15%), product development and technological innovation (5%), and general working capital (10%).

Additionally, Anjoy Foods completed the acquisition of 70% of Jiangsu Dingweithai Food Co., Ltd. and 100% of Dingyifeng Food (Taicang) Co., Ltd. for RMB444.5 million and RMB50.24 million, respectively. These acquisitions will expand the company’s presence in premium cod products and frozen baked goods.