Chicmax debuts on the Hong Kong Stock Exchange

THE WHAT? Shanghai-based skin care company Chicmax has become the first mainland China skincare company to list on the Hong Kong Stock Exchange, according to a report by 

THE DETAILS The company has brands such as Kans, One Leaf, Baby Elephant, Bio-G and Hanamino under its umbrella, and opened at 25.20 Hong Kong dollars (US$3.23) – raising 835 million Hong Kong dollar.

THE WHY? Chicmax is said to have eyed a listing on the Shanghai Stock Exchange in 2021, before transferring its focus to Hong Kong. 

According to a report by a Frost & Sullivan, Chicmax has been reinventing itself hero brands to align with market trends and remain afloat in an industry dominated by global companies. 

The post Chicmax debuts on the Hong Kong Stock Exchange appeared first on Global Cosmetics News.

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