09 New H-Shares BBMG 5.46 billion-chi superb purchase 400 times times

Source: Internet
Author: User
Keywords Subscribe IPO Chi Gao Air-conditioning h-share super purchase
Tags .mall ipo listed market market conditions public show
Market conditions, without prejudice to the momentum of new shares in the first half of a small number of new shares to lead, into the second half, large-scale new shares are deployed. According to the sales documents, the first Hong Kong-listed H-Shares in Beijing this year are intended to sell about 933 million H shares to raise about $5.46 billion (about $700 million), mainly for expansion of production lines. BBMG will become the second largest IPO since this year, with a fund-raising amount.  In addition, Chi-Gao Air-conditioning (00449) public offering recorded more than 400 times times oversubscribed. BBMG, a building materials manufacturer, is about to issue about 933 million shares, accounting for an enlarged equity of 25%, according to sales documents quoted by Reuters. 90% of these shares are sold in international placements and the remaining 10% for public sale in Hong Kong. Instead, 75% or about HK $3.376 billion is intended to be used to expand production lines, while the other 15% will be used to repay two renminbi loans due in August with a total value of 650 million yuan and the remaining 10% for operating capital and other purposes.  The paper notes that the company is to be accepted by institutional investors from July 13 to 22nd, pricing on 23rd and listing on 29th, with UBS, JPMorgan Chase and Macquarie listed as sponsors. Bbmg, who raised about $5.46 billion to raise funds, was the second largest IPO since this year, with a capital of 9.8 billion yuan (01333).  BBMG's four core industries are cement, new building materials, real estate development and property Investment Management, founded in December 2005, belong to the Beijing Sasac under the enterprise.  Zhi Gao 400 times times Super Purchase In addition, Chi-Gao air-conditioning has been closed yesterday noon, the public subscription, market information revealed that the unit was more than 300 times times more than the purchase order through the bank, taking into account more than 100 times times the margin subscription, the initial point of Chi Gao has been oversubscribed 400 times times, which still does not take into account the number of applications for white form. New shares one with one, market news refers to, Fosun (00656) 23% of the mainland's largest drug distributors, the Chinese Medicine Holdings has been in the August forward Hong Kong Exchange (00388) listing hearings, a public offering, which is to be listed at the end of next month or early September, is initially raised at $5 billion, but if the IPO market continues to flourish, Do not rule out will be overweight to 7 billion yuan.  According to sources, the company has recently recruited an additional three investment banks to join the underwriting of the group's shares, including Deutsche Bank, Citigroup and Morgan Stanley, while the sponsors are still based on China's international finance and UBS. The news also revealed that the first credit finance is ready to be listed on the gem in the second half of the year, and it has been reported earlier that mainland men's and retailers are also planning to list in Hong Kong, raise about $100 million trillion, and have hired Bank of America Merrill Lynch as an underwriter and are expected to issue shares in the fourth quarter.
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