Investment Banking Team Captures Opportunities and Introduces Quality Issuer to the Market
HONG KONG, July 7 (Bernama-BUSINESS WIRE) — Guotai Junan International Holdings Limited (“Guotai Junan International”, “GTJAI”, the “Company” or “Group”, stock code: 1788.HK) is pleased to announce that the Company successfully assisted Financial Street Property Co., Limited (“Financial Street Property”, stock code: 1502.HK) in its listing on the Main Board of The Stock Exchange of Hong Kong Limited(“SEHK”). The initial public offering (IPO) has gained high recognition from investors, with more than 145 times oversubscription in the Hong Kong public offering and approximately 20 times oversubscription in the international offering. As the sole sponsor, sole global coordinator, joint bookrunner and joint lead manager of the IPO, GTJAI team facilitated the issuer with dedication, high efficiency and professional attitude to actively assist in close communications between the issuer and domestic and overseas regulators, introduce several high quality institutional investors to the issuer and lock up cornerstone investors for the IPO, representing the business team’s excellent client coverage and execution capability.
Financial Street Property is a state-owned comprehensive property management company in China, focusing on providing property management and related services to commercial and business properties. The Company started from providing property management services to properties located at Beijing Financial Street Zone in 1994, one of core financial zones in China. As at the end of 2019, the Company provided property management services to 144 property projects in China with the total GFA under management of approximately 19.9 million sq.m., 41% of which are located in Beijing. In 2019, in terms of property type, over 50% of its revenue was generated from providing property management services to office buildings. In terms of geographic region, more than 20% of its revenue was derived from Beijing Financial Street Zone, which reflects that the Company mainly focuses on providing services to high-end and quality properties in the first-tier cities in China.