Main date:
Public launch closing date: November 18, 2016 at 12: 00 noon scheduled deadline: November 18, 2016
Announcement application results: November 24, 2016
Listing date: November 25, 2016
The family guarantor:
Guotai Junan financing Co., Ltd.
Summary of statistics:
Number of shares sold globally: 52763000 shares
Share sold in Hong Kong: 10%
Sales: HK $5.16 to HK $6.30
Estimated collection of funds: HK $272 million to HK $332 million
Income per hand: HK $3181.75
A summary of the collection
The collection is a supplier of equipment services in China, and the general department is located in Shenzhen, Guangdong Province. According to the Frost & Sullivan report, in terms of sales revenue in China in 2015, Consortium ranked 18th in terms of sales revenue, with a market share of 0.07% and sixth in terms of market share, with a market share of 0.09%.
The construction and installation services of the collection mainly cover four areas: (I) construction and installation engineering; (ii) machine installation engineering; (iii) curtain engineering; and (iv) fire safety engineering. It covers a variety of categories and properties in China, including commercial buildings, public buildings, industrial buildings, residential buildings, public buildings, etc.
Industry summary
According to the Frost & Sullivan report, in 2015, the market regulation model of China's public construction market accounted for more than 59.6% of the entire Chinese market. Since 2010, the market size of China's public construction projects has increased at a complex annual growth rate of 14.2%, reaching 23153 billion yuan in 2015. It is estimated that by 2019 it will reach 42069 billion yuan due to the government's increased investment in transportation (such as landscapes, expressways, etc.), the identification of new schools, the construction of medical clinics (such as hospitals), and the real estate industry owned by developers.
Cymbals
Valuation
The income and profit of the collection are calculated and recognised using the "percentage of completion" method. We use this method to recognize revenue and profit on a pro rata basis over the term of the contract, and generally estimate the progress of the total cost calculation of the production on the basis of the percentage of the cost generated to date as a percentage of the whole project. However, the actual cost of the valuation process may differ materially from the estimated cost, and the benefits or profits may be adjusted in a later period and such adjustments may be significant.
According to the IPO documents, assuming that the global development sale was completed on June 30, 2016, 2.11 shares were expected to be issued after the sale was completed, equivalent to HK $3.89 to HK $4.16 per tangible assets per share (at the rate of HK $1.0 to HK $0.87 per capita).