We are pleased to announce that on 18 July 2023, China Merchants Securities (HK) Co., Limited (“CMS (HK)”, a subsidiary of China Merchants Securities International Company Limited), acting as one of the Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers of Zhong An Intelligent Living Service Limited (“Zhong AN Intelligent Living” or “the Company”, stock code: 2271.HK), successfully assisted the Company to commence trading of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”). A total of approximately 126 million shares are issued and offered under the Global Offering, at an offer price of HK$1.18 per share, raising a total of approximately HK$149 million (before the exercise of the over-allotment option) or HK$172 million (after the over-allotment option is fully exercised).
As a Joint Sponsor and Overall Coordinator of Zhong AN Intelligent Living’s IPO, CMS (HK) had made significant contributions in terms of execution and marketing. CMS (HK), overcoming all obstacles and challenges in the road to the Company’s initial public offering.
CMS (HK), as the only sponsor participated from the beginning of the IPO process, had developed an effective marketing strategy for Zhong An Intelligent Living’s IPO. CMS (HK) had assisted the preparation and organization of the analyst presentation and marketing materials and coordinated the investor education process. Despite a volatile capital market, CMS (HK), leveraging its excellent sales and distributional capabilities, successfully introduced Chinese Long-only funds, strategic corporate investors, high-net-worth individuals and multi-strategy funds to the Company. Furthermore, CMS (HK) facilitated cornerstone investment, successfully introduced renown institutional investors, and maximized orders during management roadshow, laying a solid foundation for the Company’s successful listing in the HKEx.
Zhong An Intelligent Living’s IPO received positive responses from the capital markets. Heyuan Trading and the chairman and president of Shanying International Holdings, Mr. Wu Mingwu, participated as cornerstone investors, subscribing HK$21 million of the offered shares. Overall, the International Placing received 1.63 times subscription and the Hong Kong Public Offering received 1.84 times subscription.
About Zhong An Intelligent Living
Zhong An Intelligent Living is a reputable integrated property management service provider headquartered in Hangzhou with deep roots in Zhejiang province and the Yangtze River Delta Region. According to CIA, the Company has been included in the list of the Top 100 Property Management Companies in China since 2016 and the ranking among the Top 100 Property Management Companies in China in terms of overall strength of property management increased from 82nd in 2016 to 40th in 2023, reflecting its growing property management capabilities. Through over 24 years of operations since our establishment in 1998, the Company has grown from a local property management service provider in Hangzhou to an integrated regional property management service provider with major presence in Zhejiang province. The Company offers a portfolio of services and aim to provide the customers with quality and efficient services through the three main business lines, namely, property management services, value-added services mainly to property developers and community value-added services, which form an integrated service along the value chain of property management.
About CMSI
China Merchants Securities International Company Limited ("CMSI"), a wholly-owned subsidiary of China Merchants Securities Co., Ltd ("China Merchants Securities", Stock Code: 600999.SH/6099.HK), found in Hong Kong, is the main overseas business platform of China Merchants Securities, and the vital bridge between China Merchants Securities and the international capital markets.
CMSI has established subsidiaries in Hong Kong, London and Seoul; providing clients with a one-stop full range of integrated financial services, including stocks and futures brokerage, corporate finance, sales and trading, asset management, private equity and global commodities, etc.
Leveraging Hong Kong while engaging the world, relying on the century-old brand of "China Merchants", the strong industrial network coverage and the resource advantages accumulated in mainland China and overseas, CMSI strives to become an international modern securities brokerage firm with a full range of financial service capabilities through creating values with excellent services.