China Evergrande (03333.HK)An application has been submitted to the Stock Exchange for the spin-off and listing of Evergrande's properties on the main board. Huatai Finance,UBS, Agricultural Bank International, CCB International,CITIC SecuritiesandHaitong InternationalAct as a co-sponsor.

According to preliminary prospectus documents, Evergrande Properties' main business includes property management services, value-added services for non-owners, and value-added community services. In the six months ended June 30 this year, its net profit recorded RMB 1,147 million; in terms of property management service revenue, 98.8% of the period came from Evergrande Group, and about 0.7% from Evergrande's joint ventures and joint ventures.

The company introduced Sequoia Capital, CITIC Capital, Yunfeng Fund in August this year,Tencent (00700.HK), benefits (01212.HK), Huazhi (00127.HK) Executive Director Chen Kaiyun,Kowloon Construction Industry (00034.HK)Chairman Ke Weixiang and Zheng Jiachun's family are pre-IPO investors, holding a total of 28.061% of the issued share capital. (gc/a) (Quotation delayed at least 15 minutes. (The short selling information is as of 2020/9-29 16:25.) ASDAQ Financial News