Main date:
Closing date for public sale: 12: 00 noon on January 5, 2017
Scheduled date: January 5, 2017
Announcement application results: January 11, 2017
Listing date: January 12, 2017
The family guarantor:
Guotai Junan financing Co., Ltd.
Summary of statistics:
Number of shares sold globally: 660000000 shares (including 60000000 unsold shares)
Share of shares sold publicly in Hong Kong: 10.0%
Sales: HK $4.54 to HK $4.76
Estimated fund collection: HK $2.724 billion to HK $2.856 billion
Income per hand: HK $4807.97
A summary of the collection
It is the first village commercial bank in northern China, and it is a holding company with 21 majority-owned banks and 16 non-majority-owned banks. As of the end of June 2016, there were 275 service stations in Jilin Province and 78 in other areas (including Heifei River, Laos and Shanshan, etc.).
According to the regional plan, from 2013 to 2015, the annual employment income from Jilin Province accounted for about 90% of the employment income. According to the service type, in the first half of 2016, the company's banking services accounted for 35.5% of the total employment revenue, retail banking services accounted for 33.2%, and fund services accounted for 26.9%.
Industry summary
According to the people's Bank of China, people's bank loans in Jilin Province rose from 7210 billion yuan in 2010 to 15200 billion yuan in 2015, with a compound annual growth rate of 16.1 percent. On the other hand, the people's savings in Jilin Province increased from 9610 billion yuan in 2010 to 1,850 billion yuan in 2015, with a compound annual growth rate of 14.0 percent.
In addition, according to the people's Bank of China, foreign currency deposits in Jilin Province increased from US $1.1 billion in 2010 to US $16 in 2015 at a compound annual growth rate of 8.0%, while foreign deposits increased from US $1.5 billion in 2010 to US $2.8 billion in 2015, with a compound annual growth rate of 14.4%.
Cymbals
At the end of June 2016, Jilin Jiutai Rural Commercial Bank controlled and co-operated a number of rural villages and commercial banks, while Jilin Jiutai Rural Commercial Bank granted its sons a high degree of independent economic rights and closely monitored their daily operations. If the sub-bank fails to meet the expected operating instructions, it may have an adverse effect on the business situation of the collection.
Valuation
According to the IPO document, as of June 30, 2016, shares should account for 102.73 to 103.87 billion yuan per person in the consolidated tangible assets area that has not passed the verification and equipment examination, equivalent to HK $295 to HK $298 per share, calculated on the basis of the 3.895 shares expected to be issued after the completion of the sale of shares. (at the exchange rate of 0.89441 yuan to HK $1.00).