June 3rd, 2019, Haitong Unitrust International Leasing Co., Ltd. (“Haitong Unitrust” or “the Company”) (stock code: 1905.HK) successfully listed on Hong Kong stock exchange main board. CMBI acted as Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager for Haitong Unitrust’s IPO.
Haitong Unitrust is a large and fast-growing financial leasing company in China. As the sole leasing platform and one of the key strategic segments of Haitong Securities, a leading securities firm in China, the Company offers customer-oriented and innovative financial services to a diverse group of customers across various industries by leveraging the investment banking expertise of Haitong Securities and its senior management. According to Frost & Sullivan, the Company ranked third among foreign-funded financial leasing companies under the MOFCOM’s regulation in terms of total revenue in 2017 and total assets as of December 31, 2017. Its businesses comprise financial leasing, operating leasing, factoring, entrusted loans and other loans, as well as advisory services.
Haitong Unitrust issued 1,235,300,000 new shares in the global offering and was priced at HK$1.88 per share, with total proceeds being HK$2,322 million (assuming Over-Allotment Option is not exercised). Given the Company's robust growth prospect and attractive pricing level, the book was over-subscribed with a balanced mixture of investors’ profiles.
As the joint sponsor in this project, CMBI played an important role in deal execution, communications with regulators, marketing and sales. For example, Leveraging strong network of Chinese investors, high net-worth individuals, CMBI has made an important contribution to successful listing of Haitong Unitrust especially in marketing and sales, which has laid a solid foundation.
About Haitong Unitrust International Leasing Co., Ltd
Haitong Unitrust is a large and fast-growing financial leasing company in China. As the sole leasing platform and one of the key strategic segments of Haitong Securities, a leading securities firm in China, the Company offers customer-oriented and innovative financial services to a diverse group of customers across various industries by leveraging the investment banking expertise of Haitong Securities and its senior management. According to Frost & Sullivan, the Company ranked third among foreign-funded financial leasing companies under the MOFCOM’s regulation in terms of total revenue in 2017 and total assets as of December 31, 2017. Its businesses comprise financial leasing, operating leasing, factoring, entrusted loans and other loans, as well as advisory services.
Haitong Unitrust has adopted a “One Body, Two Wings” business development model. Company is implementing a customer strategy to develop a balanced customer base. While the Company proactively develops Government & LME customers and takes on large projects, it also strategically promotes businesses with MSE & Retail customers, which possess significant growth potentials. The Company has a comprehensive and prudent risk management system covering various types of risks throughout the entire business processes.
