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Metro Supply Chain officially launches Hong Kong IPO process to accelerate capital layout

2024-08-24

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Recently, according to IPO Early News, Metro Supply Chain Co., Ltd. (hereinafter referred to as "Metro Supply Chain"), a pioneer in food and fast-moving consumer goods supply chain solutions with nearly 30 years of history, officially submitted an application for listing on the main board of the Hong Kong Stock Exchange yesterday, marking a new starting point for its journey in the capital market. UBS Group and China Merchants Securities (International) jointly served as joint sponsors for this IPO.

Since its establishment in 1994, Metro Supply Chain has been committed to providing innovative food services and distribution solutions to a wide range of customers. Its business covers welfare gift solutions and retailer distribution. As an industry pioneer, Metro Supply Chain introduced international quality standards into China's food and fast-moving consumer goods supply chain for the first time. Its independently developed Star System is an industry benchmark. By integrating international food safety standards and full-chain transparent traceability functions, it effectively improves the quality control and operational efficiency of the upstream and downstream of the supply chain. To date, the Star System has covered more than 6,000 products, and the company has provided professional training for more than 4,700 farms and factories. The executive director of Metro Supply Chain is Xu Shaochuan.

In terms of logistics network construction, Metro Supply Chain has built an efficient system covering the whole country, including 2 central distribution centers, 16 regional distribution centers, 4 fresh food processing centers and 100 local fulfillment centers, with a total area of ​​nearly 500,000 square meters, which has strongly supported the rapid expansion of its business.