CMB International Capital Limited acts as Joint Bookrunner and Joint Lead Manager in the HK$2.94bn HK IPO (assuming Over-Allotment Option is not exercised) of Zhongliang Holdings Group Company Limited

Transaction Overview

  • Zhongliang Holdings Group Company Limited isa fast-growing large-scale comprehensive real estate developer in China, based in the Yangtze River Delta Economic Region with a national footprint. It has been recognized as a top 100 real estate developer in China by PRC Real Estate Top 10 Research Team for six consecutive years since 2014 in terms of comprehensive development capability. By the listing date, Zhongliang Holdings’ IPO is the largest IPO in Real Estate Industry in Hong Kong this year.
  • Zhongliang Holdings is priced at HK$55per share, lower half of the price range of HK$5.20–$6.68 per share, with total proceeds being HK$2.94 billion (assuming Over-Allotment Option is not exercised)
  • This achievement was strongly support by various departments and local branch offices of the parent company CMB. The close cooperation among Corporate Finance, Equity Capital Markets, Equity Department, Wealth Management Department, Legal & Compliance Department, Operation Department and other departments helps a lot.

 

Offering Summary

Issuer:

Zhongliang Holdings Group Company Limited

Listing Date:

July 16, 2019

Offering Amount:

c.US$ 376 m (assuming over-allotment option is not exercised)

Indicative Price Range

HK$5.20-6.68

Offering Price:

HK$5.55

Offering Size:

530,000,000 shares, representing 15% of the enlarged share capital (100% primary, pre-shoe)

Offering Structure:

International Offering: 90% of the base offer size

HKPO: 10% of the base offer size

(subject to the over-allotment option)

Share Type:

Ordinary Share

Stock Code:

2772.HK

 

About Zhongliang

Zhongliang Holdings Group Company Limited is a fast-growing large-scale comprehensive real estate developer in China, based in the Yangtze River Delta Economic Region with a national footprint. It has been recognized as a top 100 real estate developer in China by PRC Real Estate Top 10 Research Team for six consecutive years since 2014 in terms of comprehensive development capability. It was recognized as a top 25 and a top 20 real estate developer in China by China Real Estate Association and E-house China R&D Institute China Real Estate Appraisal Center in 2018 and 2019, respectively. It was also ranked first among the top ten real estate developers in China in terms of growth rate in 2018 and development potential in 2019, respectively, recognized by China Real Estate Association and E-house China R&D Institute China Real Estate Appraisal Center.

Source: Prospectus, Company’s HKEX Deal Announcements, Dealogic

Publish Date:2019-07-16
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