CCB International has recently invested in China Shanshui Investment Company Limited (hereinafter as "Shanshui Group"). Shanshui Group is a large enterprise group with cement as its leading industry, and is among China's twelve cement manufacturing giants with key supports from the nation. It produced 24.01 million tons of cement in 2006, with sales revenues of 4.97 billion yuan, ranking the second in China's cement industry. CCB International made the investment by purchasing the 2-year equity warrant bonds with a nominal value of USD 120 million by Shanshui Group. Previously Morgan Stanley, CDH and the World Bank have purchased 49% of the shares of Shanshui Group. With the investment, CCB International will also become a co-sponsor and a joint lead underwriter for the listing of Shanshui Group, which it will sponsor together with such famous international investment firms as Morgan Stanley and Credit Suisse next year. And it is that CCB International will benefit from not only the handling fees from intermediate business charges but considerable investment returns as well. During the investment process, Shangdong Branch and CCB International worked together to provide the client with excellent services. The successful completion of the investment is credited to the effective coordination between the CCB's investment and commercial banking services as well as domestic and overseas environments. CCB International currently manages seven funds (including Pre-IPO funds, buyout funds, industry funds, etc.), and will continue to invest in quality projects around the world.
GCL-Poly, a large enterprise mainly engaged in renewable energy power generation on the Mainland, has been recently listed on the HKEx Main Board. CCB International has successfully arranged for the listing as a sponsor and an underwriter. The primary businesses of GCL-Poly are renewable energy power generation and thermo-electric plants on the mainland. The successful listing of GCL-Poly marks another achievement of CCB International in sponsoring IPOs on the HKEx Main Board. A total of around 288 million shares of GCL-Poly have been issued this time, with the P/E ratio being 62.4 times and the price of issue HK$4.1, raising funds of around HK$1.18 billion. Market interest in the investment invitation was very strong, with an oversubscription of 900 times recorded for public offering, making it the fourth most subscribed IPO project in Hong Kong this year. The listing is the eleventh IPO project that CCB International has completed in the Hong Kong market this year, following previous ones in which it served as a sponsor or underwriter for Taidi Property, China Citic Bank, Yintai Department Store, Fosun International, China Starch, etc. Besides, in the domain of corporate financing, CCB International has also completed four Post-IPO placement projects, two Pre-IPO private placement projects and seven financial consulting projects. During the process of the listing, Morgan Stanley and CCB International, both as sponsors, have worked together to provide the client with excellent support services. The successful completion of the listing is credited to the effective coordination and innovation between CCB's investment and commercial banking services, capital and credit market services as well as domestic and overseas environments.
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