Huatai Financial Assists Ye Xing Group’s Listing on the HKEX Main Board

On March 13, 2020, Ye Xing Group Holdings Limited (1941.HK) was listed on the Main Board of the Hong Kong Stock Exchange.

Huatai Financial acted as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager for the deal. This was the seventh Hong Kong IPO deal in property management sector underwritten by Huatai Financial, strengthening Huatai’s absolute leading position in Hong Kong property management sector IPO market.

Ye Xing Group issued 100 million shares worldwide at an issue price of HK$1.56 per share, raising a total amount of HK$156 million (before the exercise of the over-allotment option).

Ye Xing Group is a reputable property management service provider offering comprehensive property management and related services for residential and non-residential properties in the PRC, ranking 48^th by China Index Academy in 2019 among the Top 100 Property Management Companies in China in terms of overall strength.

The issuer’s parent group, Hongkun Group, is a leading property developer in Jing-Jin-Ji region. Hongkun Group has been listed in Top 100 Property Developer in China for 7 years since 2013 and ranked 64^th in 2019. As of 31 December 2019, the aggregated contracted sales of the Group is about RMB17.2 billion, and the total assets of the Group exceed RMB60.0 billion.