Folangsi Co Ltd (Ticker: 2499 HK) is a company in the forklift service industry. The company offers forklift sales, rental, and service and has introduced a platform-based chain business model in China's forklift sector. Founded in 2007 with its headquarters in Guangzhou, Folangsi operates and oversees over 27,000 on-site logistics equipment units throughout China. The company utilizes Internet of Things (IoT) innovations and digitization to provide a comprehensive service for industrial and logistics enterprises, encompassing leasing, repair, and sales of complete machines and accessories. Furthermore, Folangsi has established more than 100 direct service outlets in major industrial cities across China.

Folangsi Co Ltd will list on November 10, 2023, in Hong Kong. The firm intends to offer 12.14 million shares at an expected price range of HKD 14.18 to 16.18. The total offer size is HKD 196.36M (approximately USD 25.05M). GF Securities Hong Kong Brokerage Ltd and Huatai Financial Holdings Hong Kong Ltd are managing the offering. Liugong Machinery Hongkong Co. is identified as a cornerstone investor.