Lekushi Seeks Hong Kong Listing with SFC Filing, Profits Surge Over Fourfold in Past Three Years

ZC Asia has learnt that the International Cooperation Department of the China Securities Regulatory Commission issued an Overseas Listing Filing Notice to Softcare Limited on 18 October. According to the notice, the company intends to issue no more than 148 million ordinary shares for overseas listing on the Main Board of The Stock Exchange of Hong Kong Limited.

In terms of business operations, Softcare is a multinational hygiene products enterprise focused on emerging markets including Africa, Latin America, and Central Asia. Its product portfolio encompasses personal care items such as infant nappies, pull-up pants, sanitary towels, and wet wipes. The company disclosed in its prospectus that during the historical record period, its revenue primarily originated from clients in the African market.

Financial data indicates LeComfort has demonstrated steady growth in recent years. Over the three fiscal years from 2022 to 2024, the company's revenue reached US$320 million, US$411 million, and US$454 million respectively. Concurrently, profits surged from US$18.39 million to US$95.111 million, reflecting significant growth. Furthermore, in 2024 and the first four months of 2025 (ending 30 April), the company achieved revenues of US$140 million and US$161 million respectively, with corresponding profits of US$27.66 million and US$31.103 million, maintaining a consistent profit trajectory.

This SEC filing approval signifies a crucial advancement in LeComfort's overseas listing plans. A successful listing on the Hong Kong Stock Exchange would facilitate the company's expansion of its hygiene products business in emerging markets such as Africa.

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