Main date:
Public release closing date: 12: 00 noon on December 20, 2017
Announcement application results: December 28, 2017
Listing date: December 29, 2017
The family guarantor:
Fuqiang Financial Capital Co., Ltd.
Summary of statistics:
Number of shares sold globally: 42000000 shares
Share sold in Hong Kong: 10%
Sales: HK $1.90 to HK $2.36
Estimated collection of funds: 7.98 million to 99.12 million Hong Kong dollars
Income per hand: HK $4767.57
A summary of the collection
The collection is the real estate management and logistics service set up by the head office in Singapore, which is mainly located in Singapore. The market has been listed on the Singapore Exchange's profit board, and this time it is the No. 1 listing on the main board of the Hong Kong Stock Exchange.
The main business of the collection is the empty subscription service, which manages a total of 33 items leased or available for lease to lease after the chemical works are carried out. In addition, the configuration management service of the cluster provides services to the management property under the space transformation service of the cluster. The last service is logistics service, which mainly provides transportation service, container yard management service, container storage service and other supporting services.
Industry summary
Space customization refers to the tailor-made process of increasing the supply of available space in the property industry, mainly through space planning, re-design, maintenance, renovation, reconstruction and addition works, which is usually carried out before the property lease. According to JurongTown Corporation, Singapore's total available payroll grew at a combined annual rate of 4.1% from 2012 to 2016, with the operating performance of industrial space changing from single-use to multi-use. Due to the limited land resources in Singapore, the demand for commercialized available space and space planning is on the rise, and it is expected that the demand for multi-purpose workers will continue to rise.
Cymbals
The main purpose of the collection is to obtain the property related to the transaction through the total lease agreement. However, if the bazaar fails to renew any general lease or successfully renew any property of the bazaar, it will take time and cost for the bazaar to find new property, acquire property and launch the market to replace the property that has been awarded to the owner. Such circumstances may lead to external costs, which will have a significant adverse impact on the operation of the collection.
Valuation
According to the IPO documents, assuming that the global offering was completed on June 30, 2017, 402445400 shares were expected to be issued after the completion of the sale of long-term shares. equivalent to an untested valuation of HK $1.147 to HK $1.193 per tangible assets per share (converted at an annualised rate of S $1.00 to HK $1.193).