New stock news | Happy Comfort Hong Kong Stock IPO approved by China Securities Regulatory Commission.

On October 18th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing of Softcare Limited". Softcare Limited intends to issue no more than 148,064,800 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. According to the prospectus, Softcare Limited is a multinational hygiene products company focusing on rapidly developing emerging markets in Africa, Latin America, Central Asia, and other regions. It mainly engages in the development, manufacturing, and sales of baby diapers, pull-up pants, sanitary napkins, wet wipes, and other hygiene products for infants and women. During the reporting period, the majority of the company's revenue came from sales to African customers. In terms of finances, for the fiscal years 2022, 2023, 2024, and the four months ended April 30, 2025, Softcare Limited achieved revenues of approximately 320 million US dollars, 411 million US dollars, 454 million US dollars, 140 million US dollars, and 161 million US dollars respectively. During the same periods, the annual/period profits were 18.39 million US dollars, 64.68 million US dollars, 95.11 million US dollars, 27.65 million US dollars, and 31.10 million US dollars respectively.