CMBI acts as Joint Bookrunner and Joint Lead Manager for the US$150 million (Pre-shoe) IPO of Changsha Broad Homes Industrial Group Co., Ltd. (Stock code: 2163.HK)

Transaction Overview

  • Changsha Broad Homes Industrial is the pioneer and leader in the industrialization of construction industry in the PRC. Leveraging on its strong technology capability accumulated throughout years and continuous innovation, research and development efforts, the Company has become a platform to provide comprehensive solutions of industrialization of construction industry in China, which comprises globalized, scalable, professionalized and intelligent manufacturing of prefabricated buildings and services
  • Changsha Broad Homes Industrial issued 121,868,000 new H shares in the global offering (assuming Over-Allotment Option is not exercised) and was priced at HK$9.68 per H share, with total proceeds being US$150 million (assuming Over-Allotment Option is not exercised).
  • Zoomlion Heavy Industry Science and Technology, Changsha Changtou Industry Investment and Evergreen Commercial (Gemdale Corporation) are the cornerstone investors in this IPO, with aggregate amount of investment is US$62 million, accounting for 41% of the base offer size
  • Changsha Broad Homes Industrial IPO has been widely recognized by investors. Despite a very challenging market backdrop, both International Offering and Hong Kong Public Offering have been oversubscribed
  • This achievement was strongly supported by various departments, Changsha Branch and other local branch offices of the parent company CMB. The close cooperation among Corporate Finance, Equity Capital Markets, Equity Department, Legal & Compliance Department, Operation Department and other departments helps a lot.


About Changsha Broad Homes Industrial

The Company is the pioneer and leader in the industrialization of construction industry in the PRC. Leveraging on its strong technology capability accumulated throughout years and continuous innovation, research and development efforts, the Company has become a platform to provide comprehensive solutions of industrialization of construction industry in China, which comprises globalized, scalable, professionalized and intelligent manufacturing of prefabricated buildings and services

The Company conducts its business in three segments, namely PC unit manufacturing business, PC equipment manufacturing business and construction contracting business. In PC unit manufacturing business segment, the Company provides customers with comprehensive solutions for prefabricated construction, including PC unit design, manufacturing and assembling consultation. In PC equipment manufacturing business, the Company sells PC equipment and provide various related services to its customers, substantially all of whom are currently the Joint Factories in which the Company holds minority interest. The PC equipment sold by us is manufactured by OEM service providers based on its design and production methods whereas the Company did not participate in the manufacturing work of the PC equipment. In its construction contracting business, the Company, as a general construction contractor, perform the construction contract in accordance with designs and timetable provided by architectural design organization and the project owner

Source: Prospectus, the Company’s HKEX Deal Announcements, Dealogic

Publish Date:2019-11-06
BackHome

Address: 45th & 46th Floor, Champion Tower, 3 Garden Road, Central, Hong Kong

Telephone: (852)3900 0888 Fax:(852)3761 8788

Copyright © 2019-2024 CMB International Capital Corporation Limited. All rights reserved.