Main date:
Public release closing date: 12: 00 noon on December 13, 2018
Announcement application results: December 19, 2018
Listing date: December 20, 2018
The family guarantor:
China Everbright Finance Co., Ltd.
Summary of statistics:
Number of shares sold globally: 187500000 shares
Proportion of shares sold in Hong Kong: 10.0%
Sales: HK $1.07 to HK $1.33
Estimated collection of funds: HK $201 million to HK $249 million
Income per hand: HK $2686.80
A summary of the collection
Market Group is a property developer focusing on residential development, focusing on the development of Huizhou in Yunnan Province and other areas of China (such as Tianjin and Henan Province) that are equipped with development capabilities. Focus on the development of suitable high-end residential projects or housing industries, mainly supporting facilities for the residential industry (such as shops, clubs and naive houses), in order to attract middle-and high-income residents in the nearby region. In addition to selling development goods, the bazaar also leases some developed and unsold developed properties (such as childishness and shops) to obtain rental income.
Industry summary
According to CREIS data, in 2017, the total amount of land sales transactions in Huizhou was about 15.9 billion yuan, an annual increase of about 87.1 percent; the average per square meter was about 1155.9 yuan per square meter, with an increase of about 26.8 percent in 2016.
Cymbals
Through the implementation of industrial policies and other economic measures, such as controlling the supply of land for property development, the Chinese government directly and directly affects the development of China's property market. If the marketing policies of the collection company fail to comply with the new policies of the related business that may not take effect at the same time, their operating conditions may be seriously adversely affected.
Valuation
According to the IPO documents, the hypothetical global development sale was completed on June 30, 2018, and 7.50 shares were expected to be issued after the completion of the sale. The tangible assets per share has been adjusted to HK $0.440 to HK $0.450 (at the exchange rate of HK $1 to HK $0.8725).