Photo/Chen Keyuan (NBD)

Dec. 10 (NBD) -- Chinese smart retailer of fresh and healthy products Loha Co., Ltd. has submitted the application to list Class A ordinary shares on the Nasdaq Capital Market, aiming to raise up to 37.6 million U.S. dollars from the float, according to a filing revealed Monday. 

New York-based investment banking and wealth management firm Maxim Group LLC will be the underwriter for the share offering.  

Founded in Shenzhen, south China's Guangdong province in 2003, Loha is devoting itself to advocating a healthy and sustainable lifestyle in China and providing low-carbon, green, organic, environmentally friendly and natural products. 

The company currently has 102 overseas and 5 domestic suppliers in 16 countries and regions, and is actively pursuing the smart retail development of fresh products through smart micro marts, with a plan to increase its network of smart micro marts to approximately 3,000 operating units by the end of calendar 2021.

According to the prospectus, Loha logged revenue of approximately 44.92 million U.S. dollars for the six months ended March 31, 2019, an increase of 43.08 percent from a year ago. 

For the fiscal year ended September 30, 2018, revenue grew 48.75 percent year over year to approximately 85.19 million U.S. dollars, and net income surged 70.7 percent to around 8.78 million U.S. dollars.  

Email: gaohan@nbd.com.cn