BEFAR GROUP
| Register Close | 2026/07/07 IPO Closing in 7 Days |
| Listing Date | 2026/07/10 |
| Register Close | 2026/07/07 IPO Closing in 7 Days |
| Listing Date | 2026/07/10 |
Befar Group Co. is a comprehensive chemical group in China. Founded in 1968, the Group has over 50 years of experience in the chemical industry. The Group is primarily engaged in the manufacturing and sale of chlor-alkali chemicals, C3-C4 chemicals and wet electronic chemicals. The Group’s key products include sodium hydroxide, propylene oxide, MTBE, electronic grade hydrofluoric acid and others.
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According to the report, the Group is China’s largest producer of trichloroethylene, perchloroethylene and allyl chloride and second largest producer of propylene oxide and MTBE in terms of revenue in 2025, with a market share of approximately 36%, 41.4%, 23.8%, 9.5% and 3.8%, respectively.
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The Group’s products had been exported to over 100 countries and regions worldwide, including Europe, America, Southeast Asia and Africa. The Group’s customers are mainly leading enterprises in downstream industries, including large alumina enterprises, leading polyether manufacturers and top semiconductor producers.
| Market | Hong Kong (Main Board) |
| Business Nature | Chemicals |
| Major Business Area | China |
| Board Lot | 1000 |
| No. of Offer Shares | 352.13M H shares |
| No. of International Offer Shares | 316.91M H shares |
| No. of HK Offer Shares | 35.21M H shares |
| Offer Price | $3.05 - $3.59 |
| Stock Code | 6745 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, CCB International Capital Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, CCB International Capital Limited, Zhongtai International Securities Limited, Huafu International Securities Limited, Central China International Securities Co., Limited, CMB International Capital Limited |
| Application Period | Jun 30 (Tue) - noon, Jul 07 (Tue) |
| Price Determination Date | Jul 08 (Wed) |
| Result Announcement Date | On or before Jul 09 (Thu) |
| Result Announcement Date | On or before Jul 09 (Thu) |
| Result Announcement Date | On or before Jul 10 (Fri) |
| Dealings in Shares commence on | Jul 10, 2026. (Fri) |
| Offer Price | $3.05 - $3.59 |
| Capitalization (H Shares) | 1.07B - 1.26B |
| NAV / share ($) | $6.03 - $6.11 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 3.32, the net proceeds raised would be HKD 1.10B, of which |
| 40% : Construction of source-grid-load-storage integrated project in Beihai Economic Development Zone of Binzhou |
| 30% : Enhance research and development capabilities |
| 10% : Constructing an electronic chemicals production facility in China |
| 10% : Development of overseas sales and service network |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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