Chervon Holdings Limited (CHL) raised around US$435m in its Hong Kong IPO. CHL is the largest China-based global provider of power tools and outdoor power equipment (OPE). As per Frost & Sullivan (F&S), CHL was ranked 7th globally by revenue for electric power tools and 2nd globally for electric OPE in 2020. However, the company has failed to shed light on a number of important points including the change in its arrangements with Home Depot and Lowe’s in FY20, both of which were its top two cu...
Chervon Holdings Limited (CHL) plans to raise around US$400m in its Hong Kong IPO. CHL is the largest China-based global provider of power tools and outdoor power equipment (OPE). As per Frost & Sullivan (F&S), CHL was ranked 7th globally by revenue for electric power tools and 2nd globally for electric OPE in 2020. CHL’s revenue grew by 22% YoY in FY19 and accelerated further to 42% YoY growth in FY20. Its margins as well have been expanding, leading to the company managing to turn a profit i...
Chervon Holdings Limited (CHL) plans to raise around US$500m in its Hong Kong IPO. CHL is the largest China-based global provider of power tools and outdoor power equipment (OPE). As per Frost & Sullivan (F&S), CHL was ranked 7th globally by revenue for electric power tools and 2nd globally for electric OPE in 2020. CHL’s revenue grew by 22% YoY in FY19 and accelerated further to 42% YoY growth in FY20. Its margins as well have been expanding, leading to the company managing to turn a profit i...
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