New stock news | Authentic Holdings' Hong Kong IPO prospectus ineffective

Genuine Holdings Limited (referred to as Genuine Holdings) submitted its Hong Kong stock prospectus on July 29, 2025, which expired 6 months later on January 29, 2026. Wenbo Capital Limited was its exclusive sponsor when the prospectus was submitted. The prospectus shows that Genuine Holdings is mainly engaged in the development, sales, marketing, and distribution of health and beauty supplements and products in Hong Kong. The group outsources the production of products to suppliers (including manufacturers) and mainly distributes the group's products through Mannings' retail stores in Hong Kong under the group's own brand and third-party brands. According to Frost & Sullivan data, based on the retail value of health and beauty supplements and products in 2024, the group ranks seventh among all local health and beauty supplement and product suppliers in Hong Kong, with a market share of approximately 1.6%.