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泸州市商业银行股份有限公司(1983.HK)新股速递

Express delivery of new shares of Luzhou Commercial Bank Co., Ltd. (1983.HK)

致富證券 ·  Dec 4, 2018 00:00  · Researches

Public release closing date: 12: 00 noon on December 10, 2018

Announcement application results: December 14, 2018

Listing date: December 17, 2018

The family guarantor:

Citic Lyon coupon City Co., Ltd.

Summary of statistics:

Number of shares sold globally: 545740000 shares

Proportion of shares sold in Hong Kong: 10.0%

Sales: HK $3.15 to HK $3.40

Estimated fund collection: HK $1.719 billion to HK $1.856 billion

Income per hand: HK $3434.26

A summary of the collection

The collection is a city commercial bank whose head office is located in Luozhou City, which covers three districts and four districts in Taizhou. The first local branch, Chengdu Branch, was set up in February 2017. The main services of the bank include corporate banking, retail banking and financial market banking. As of the end of June this year, there were more than 7,000 corporate customers and about 65 million retail customers in the market. According to the data of Guizhou Provincial Bureau, the Bank of China is the largest commercial bank in Sichuan Province as of December 31, 2017.

Industry summary

The GDP of Zhongzhou increased from 1140 billion yuan in 2013 to 1596 billion yuan in 2017, with a combined growth rate of 8.8 percent. The ranking of Changzhou City in Sichuan Province rose from eighth in 2013 to sixth in 2017.

Cymbals

As of the end of last year, the funds of small and micro enterprises accounted for 77.7% of the total, and their non-performing loans may increase significantly due to the impact of economic liberalization or adverse supervision of the environment on customers of small and micro enterprises, which may have a significant adverse impact on the operating performance of collective enterprises.

Valuation

According to the IPO documents, the hypothetical global development sale was completed on June 30, 2018, and a total of 21.83 shares were expected to be issued after the sale of the shares was completed. the net value of tangible assets per share has been adjusted to HK $3.10 to HK $3.16 (at the exchange rate of HK $1 to HK $0.8874).

The translation is provided by third-party software.


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