Radiance Holdings (Group) Company Limited (9993) IPO, Entry Fee HK$4,545.35
Radiance Holdings (Group) Company Limited (9993) is a large property and focuses on providing quality residential properties to first-time homebuyers and first-time upgraders. With over 20 years’ experience, it has expanded operations into five regions with strong economic growth potential in China, namely, the Yangtze River Delta, the Bohai Economic Rim, Southern China, Southwestern China and Northwestern China. It was ranked 36th in terms of comprehensive strengths among “2020 China’s Top 50 Real Estate Developers” and was ranked as one of “China’s Top 10 Real Estate Developers of Comprehensive Strength” by the China Real Estate Association and the China Real Estate Appraisal Center of E-house China Research Institute in 2020.
As of July 31, 2020, the Group had 160 property development projects at various stages of development, among which, 117 projects developed by subsidiaries and 43 projects developed by joint ventures and associates. As of July 31, 2020, its property development projects had a total GFA of 29,081,757 sq.m., comprising GFA available for sale, rentable GFA and rentable GFA for property investment for completed projects of 2,526,555 sq.m.; planned GFA for properties under development of 17,254,060 sq.m.; and estimated GFA for properties held for future development of 9,301,141 sq.m. As of July 31, 2020, 93.3% of total GFA was located in second-tier cities and core third-tier cities.
The Group mainly derived revenue from development and sales of residential properties and commercial properties. It disposed of the property management service business as part of the Reorganization and the disposal was completed in December 2019.
The Group total land bank amounted to 29,081,757 sq.m. as of July 31, 2020, consisting of residential properties with an aggregate GFA of 25,630,941 sq.m. and non-residential properties with an aggregate GFA of 3,450,816 sq.m.
|No. of Offer Shares||600m shares|
|No. of International Offer Shares||540m shares|
|No. of HK Offer Shares||60.00m shares|
|Offer Price||HK$3.50 - $4.50|
|Joint Sponsors||ABCI Capital, CLSA Capital Markets, Haitong International Capital|
|Joint Global Coordinators||ABCI Capital, CLSA, Haitong International Securities|
|Joint Bookrunners||ABCI Capital, CLSA, Haitong International Securities, CMB International Capital, Guotai Junan Securities (Hong Kong), GLAM Capital, Vision Capital International Holdings, AMTD Global Markets|
|Joint Lead Managers||ABCI Securities, CLSA, Haitong International Securities, CMB International Capital , Guotai Junan Securities (Hong Kong), GLAM Capital, Vision Capital International Holdings, AMTD Global Markets, China Silver Bullet Securities, Livermore Holdings|
|Application Period||Oct 16 (Fri) - Noon, Oct 21 (Wed)|
|Price Determination Date||On or Before 5pm, Oct 21 (Wed)|
|Result Announcement Date||On or Before Oct 28 (Wed)|
|Dispatch of Shares and Refund Cheques||On or Before Oct 28 (Wed)|
|Dealings in Shares commence on||Oct 29, 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||30%||40%||50%|
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.