Anjoy Foods Group Co Ltd (Ticker: 2648 HK) is a Chinese company specializing in the manufacturing and distribution of quick-frozen food products, including processed items, prepared dishes, and flour and rice products. Anjoy Foods Group plans to list on the Hong Kong Stock Exchange on July 4, 2025, offering 39.99 million shares at HKD 66.00 each to raise HKD 2.64 billion (approximately $336.3 million). The IPO reportedly gives the company a market capitalization of around $2.8 billion. While a specific use of proceeds was not detailed, funds from an IPO are typically used for purposes such as expanding production capacity, strengthening distribution networks, brand development, and general corporate purposes.