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30 Jun

China Bohai Bank Co., Ltd. (9668) IPO, Entry Fee HK$2515.09

China Bohai Bank Co., Ltd. (9668) is the youngest Nationwide Joint-stock Commercial Bank in China. In 2019, it ranked 178th among the "Top 1000 World Banks" released by The Banker, moving up nine places compared with the previous year and ranking 27th among all PRC banks, in terms of tier-one capital as of December 31, 2018.

For the year ended December 31, 2019, the Group achieved a 15.7% year-on-year growth in net profit and a weighted average return on net assets of 13.71%, which ranked first and third, respectively, compared to all listed Nationwide Joint-stock Commercial Banks. As of December 31, 2019, the Group business network comprised 245 outlets, including 33 tier-one branches (including branches directly administered by its head office), 30 tier-two branches, 127 sub-branches, 54 community and micro sub-branches and one representative office in Hong Kong.

In managing retail banking business, the Group have identified two demographic groups as its core retail banking customers, namely the "pressurized generation", the group with strong demand for financial products and services, and the "grey-haired group", the group in pressing need of wealth management services for their accumulated wealth.

The Group corporate banking customers increased by 43% from January 1, 2015 to December 31, 2019. As of December 31, 2017, 2018 and 2019, its corporate loans and advances amounted to RMB343.4 billion, RMB384.4 billion and RMB465.2 billion, respectively, representing a CAGR of 16.4% which ranked first compared to all listed Nationwide Joint-stock Commercial Banks.

As of December 31, 2019, the Group had established cooperation relationships with over 100 internet platforms, and the aggregate number of online customers it acquired in 2019 through the various established scenarios reached 281.5 thousand, and, in the same year, the total transaction volume through these platforms reached RMB42 billion.

 

GLOBAL OFFERING

No. of Offer Shares 2,880m H shares
No. of International Offer Shares 2,736m H shares
No. of HK Offer Shares 144m H shares
Offer Price $4.75 - $4.98
Nominal Value RMB 1.00 each
Board Lot 500
Joint Sponsors CCB International Capital, Haitong International Capital, ABCI Capital, CLSA Capital Markets
Joint Global Coordinators CCB International Capital, Haitong International Capital, ABCI Capital, CLSA Capital Markets, China International Capital Corporation Hong Kong Securities, ICBC International Capital
Joint Bookrunners CCB International Capital, Haitong International Capital, ABCI Capital, CLSA Capital Markets, China International Capital Corporation Hong Kong Securities, ICBC International Capital, Deutsche Bank AG, BOCOM International Securities, SPDB International Capital, CMB International Capital, Guotai Junan Securities (Hong Kong), China Merchants Securities (HK), BOCI Asia
Joint Lead Managers CCB International Capital, Haitong International Capital, ABCI Capital, CLSA Capital Markets, China International Capital Corporation Hong Kong Securities, ICBC International Capital, Deutsche Bank AG, BOCOM International Securities, SPDB International Capital, CMB International Capital, Guotai Junan Securities (Hong Kong), China Merchants Securities (HK), BOCI Asia
Co-lead Manager GF Securities (Hong Kong) Brokerage

TIME TABLE

Application Period Jun 30 (Tue) - Noon, Jul 9 (Thu)
Price Determination Date On or Before 5pm, Jul 9 (Thu)
Result Announcement Date On or Before Jul 15 (Wed)
Dispatch of Shares and Refund Cheques On or Before Jul 15 (Wed)
Dealings in Shares commence on Jul 16, 2020. (Thu)

Reallocation of Shares Offered

Times of HK Offer Shares Subscription 15X - 50X 50X - 100X Over 100X
% of total shares reallocated to HK Offer 7.5% 10% 20%

Connerstone Investors *
Yichang HEC Health Pharmaceutical Co., Ltd. ~~ US$200M
WAH LI (HONG KONG) LIMITED ~~ US$50M
Zhejiang Rongsheng Venture Capital Co., Ltd. ~~ US$50M
RISESUN LAND DEVELOPMENT (HONGKONG) LIMITED~~ US$50M
Shenzhen Cuilin Industrial Development Co., Ltd. ~~ US$50
Jinlian (Tianjin) Finance Lease Co., Ltd. ~~ US$30M

Chengde Jianlong Special Steel Co., Ltd. ~~ US$30M
Shenghong Holding Group Co., Ltd. ~~ US$30M
Xinao Group Co., Ltd. ~~ US$30M
Total Investment Amount : US$520M

*There is a 6-month lock-up period

 

 

The information cited in this article was collected by the Company from sources believed to be accurate and is for reference only. Investors should consult the company's prospectus before making an investment decision. The company is not responsible for any loss caused by trust or reference to relevant content.