A summary of the collection
It owns, leases and manages the property industry in Chengdu, Sichuan Province, as well as one in Kunming, Yunnan Province. The property combination of the collection includes three commercial property and residential property industries, which have strategic values of stable and recurrent rental income.
The total floor area of investment property, private office property and sale property is 89770.5 square meters, 977.8 square meters and 879.6 square meters respectively. As of the last feasible date, the total construction area leased to leases is 72038.6 square meters, accounting for 80.2% of the total investment investment floor area.
Industry summary
According to the China State Statistics Bureau, the construction area that has been started and sold in China's public property industry grew at a compound annual growth rate of 1.7% and 14.1% respectively from 2012 to 2016. As for the retail industry, the construction areas that have been started and sold have increased at a combined annual growth rate of 0.4% and 8.6% respectively from 2012 to 2016.
Cymbals
Valuation
The Everbright Financial Center and Everbright International Center are located in the delivery business zone of Chengdu and collect leases from the developers, owners and clients of the Chengdu Business Center. According to the report of Jones Lang LaSalle, the commercial and property market in Chengdu is highly dispersed, and traditional large-scale developers coexist with local developers. If the market fails to engage in effective trading with such property, it may lead to the loss of rental and low income from property rental, which will have a significant adverse impact on the business of the collection.
According to the IPO documents, assuming that the global development sale was completed on June 30, 2017, 441400000 shares were expected to be issued after the completion of the sale of long-term shares. equivalent to untested tangible assets per share of HK $2.14 to HK $2.19 (converted at an exchange rate of HK $1.00 to HK $0.84559).
The purpose of the income is:
Assuming that the amount of sales is HK $1.39 (the median of the range of sales), after deducting the estimated expenditure payable on the issue of shares, the net income is estimated at HK $111.6 million.