Li Bang International Corporation Inc.
Li Bang International Corporation Inc. was incorporated in the Cayman Islands on July 8, 2021. We conduct all of our operations in China through our Operating Subsidiaries in China. The main business of our Operating Subsidiaries is to design, develop, produce and sell stainless steel commercial kitchen equipment in China under our own “Libang” brand. Additionally, our Operating Subsidiaries provide customers with comprehensive services ranging from commercial kitchen design in the early stage to equipment installation and after-sales maintenance.
Our Operating Subsidiaries offer a range of commercial kitchen accessories covering steaming, cooking, baking, frying, disinfection, conditioning, refrigeration, and so on, in 13 series with more than 80 varieties, as well as stainless steel kitchen equipment, cooking and food preparation instruments, hotel supplies, and kitchen appliance accessories of more than 300 varieties. These products are used by a wide variety of customers such as governments, businesses, and public institutions. Additionally, our Operating Subsidiaries customize special products according to any customer’s project needs.
Our cookers include stoves, stir-fry stoves, steaming cabinets, and soup pots which are used in all kinds of commercial kitchens.
We also make fume and fresh air supply pipe systems as well as a waste processor.
Our production plant in China is more than 10,000 square meters. We use modern production facilities and state-of-the-art procedures. Furthermore, as a new technology enterprise in Jiangsu Province, we fall within the scope of advanced technology enterprises that benefit from key national support for residential companies that employ continuous R&D activities and transformational technical achievements to form core independent intellectual property rights.
Our Operating Subsidiaries mainly undertake projects of middle- and high-end customer groups by bidding on contracts. Our customer base consists of international hotels, companies, public institutions, educational institutions, hospitals and other facilities.
**Note: Revenue and net income are for the year ended June 30, 2021.
(Note: Li Bang International Corporation Inc. revised its IPO with a price range of $4.00 to $6.00 – with the low end of that range below its previous assumed IPO price of $5.00 and the high end of the range exceeding the previous assumed IPO price – while keeping the deal’s size at 5 million shares, according to an F-1/A filing dated Sept. 16, 2022. Li Bang International filed its F-1 on Jan. 27, 2022.)
|Industry:||Manufacturing - Commercial Kitchen Equipment|
|Address||No. 190 Xizhang Road, Gushan Town, Jiangyin City, Jiangsu Province People’s Republic of China|
|Phone Number||+86 0510-81630030|
|View Prospectus:||Li Bang International Corporation Inc.|
|Revenues||$15.9 mil (last 12 months)|
|Net Income||$2.7 mil (last 12 months)|
|Price range||$4.00 - $6.00|
|Est. $ Volume||$25.0 mil|
|Manager / Joint Managers||Univest Securities|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|