KUALA LUMPUR, July 7 -- Guotai Junan International Holdings Limited (GTJAI or the Company) has successfully assisted Financial Street Property Co Limited (Financial Street Property) in its listing on the Main Board of The Stock Exchange of Hong Kong Limited.
The initial public offering (IPO) has gained high recognition from investors, with more than 145 times over-subscription in the Hong Kong public offering and about 20 times over-subscription 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.
This is 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.
According to a statement, 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.
As at 2019-end, the Company provided property management services to 144 property projects in China with the total GFA under management of approximately 19.9 million square metres, 41 per cent of which are located in Beijing.
Last year, in terms of property type, over 50 per cent of its revenue was generated from providing property management services to office buildings.
-- BERNAMA
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