Upon the approval by Hong Kong Securities and Futures Commission, CCB International Securities Limited has recently started retail securities broking business in Hong Kong, including on-line securities trading. CCB International Securities Limited is a wholly owned subsidiary of CCB International (Holdings) Limited and conducts securities broking and underwriting businesses and research. With a professional research team, the company is able to provide institutional and retail clients with timely and in-depth market information and investment advice. And its retail business department offers high-quality securities broking services. Retail securities broking by CCB International Securities Limited is currently available via the Internet and telephone. For details, please refer to the CCB International website.
CCB International Capital Limited has completed the second placing for the Hong Kong listed company of Proactive Technology as its financial advisor and placing agent, raising funds of around HK$ 500 million.
CCB International Participates in IPO of CCB's A Shares as Financial Advisor
CCB International (Holdings) Limited has convened its second board meeting in 2007, which reviewed and approved the Interim Work Summary, the Working Plan for the second half of 2007 as well as other proposals by President Hu Zhang Hong.
CCB International has completed share allotment for the Hong Kong listed S.A.S Dragon Holdings Limited (1184) as its placing agent. And CCB International Asset Management Limited has become the company's third largest shareholder by means of full subscription.
President Hu Zhang Hong, on behalf of CCB International, signed a strategic cooperation agreement with Guangdong Branch.
China Starch Group has been recently listed on the Main Board of the Hong Kong Stock Exchange. CCB International has successfully arranged for the listing as the exclusive sponsor, exclusive lead underwriter and exclusive bookkeeping firm. China Starch Group is one of the leading cornstarch manufacturers in China, and is recognized as one of the top three in the nation by China Starch Industry Association. The successful listing of China Starch marks another achievement of CCB International in sponsoring IPOs on the HKEx Main Board. A total of around 170 million shares of Chinese Starch have been issued this time, with the P/E ratio being 9.6 times and the price of issue HK$2.22, raising funds of around HK$380 million. Market interest in the investment invitation was very strong, with an oversubscription of 139 times recorded for public offering. And an excellent stock performance has been witnessed after listing, with the share price once hitting a day high of HK$4.7. And the closing price was HK$3.88 on 9 October, an increase of 74% compared with the price of issue. The listing is the tenth 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, 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, Shandong Branch, Hong Kong Branch and CCB International have cooperated well with each other 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. It has created the maximum value by not only making profits for the Bank's subsidiaries including overseas branches and CCB International, but also providing the client with across-the-board financial services.
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