CMB International Capital Limited acts as Joint Bookrunner and Joint Lead Manager in the HK$2.11bn HK IPO (assuming Over-Allotment Option is not exercised) of Sinic Holdings (Group) Company Limited(St

Transaction Overview

  • Sinic Holdings (Group) Company Limited is a large-scale and comprehensive property developer in the PRC, focusing on the development of residential and commercial properties. In 2019, in terms of comprehensive property development ability, it was ranked 31st among the top 100 property developers in the PRC according to CREIS, and ranked 39th among the top 500 property developers according to the China Real Estate Association. It was recognized as one of the China’s Top 50 Real Estate Developers jointly by the China Real Estate Industry Association, Shanghai Yiju Real Estate Research Institution and China Real Estate Appraisal in 2018 and 2019, and one of the China’s Top 100 Real Estate Developers – Growth Top 10 by the China Real Estate Top 10 Research Committee in 2018 and 2019.
  • Sinic Holdings is priced at HK$3.98 per share, upper half of the price range of HK$3.30– 4.25 per share, with total proceeds being HK$2.11 billion (assuming Over-Allotment Option is not exercised)
  • This achievement was strongly support by various departments and local branch offices of the parent company CMB. The close cooperation among Corporate Finance, Equity Capital Markets, Equity Department, Wealth Management Department, Legal & Compliance Department, Operation Department and other departments helps a lot.

About Sinic

Headquartered in Shanghai, the company commenced its first project in Jiangxi Province in 2010. Through almost ten years of operations, it has established a leading position among

residential property developers in Jiangxi Province, and expanded into the Yangtze River Delta Region, the Greater Bay Region and the Central and Western China Core Cities and Other Regions with High-Growth Potential. As of July 31, 2019, the total land bank attributable to it amounted to approximately 15.1 million sq.m., including 13.0 million sq.m. for property projects developed by its subsidiaries and 2.1 million sq.m. for property projects developed by its joint ventures and associates which is adjusted by its equity interest in the respective project.

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

Publish Date:2019-11-20

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