Company News

Huatai Financial Assists Sinic Holdings Listing on the HKEX Main Board

On Nov 15, 2019, Sinic Holdings (Group) Company Limited (2103.HK) was successfully listed on the main board of the Hong Kong Stock Exchange.

Huatai Financial was the Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager for the deal.

Sinic Holdings issued 0.53 billion shares worldwide at an issue price of HK$3.98 per share, raising a total amount of HK$2.11 billion (before the exercise of the over-allotment option).

Sinic Holdings 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.