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6 October 2008 –CCB International, along with Standard Chartered Bank and China Construction Bank (Asia), acted as the joint lead arranger for a two-year, RMB3 billion Renminbi-denominated retail bonds issuance in Hong Kong for China Construction Bank from 29 August 2008 to 5 September 2008. During the subscription period, the 19 placing banks received subscription applications amounting to approximately RMB5.2 billion under the retail offering and the joint lead arrangers received subscription orders of approximately RMB 3.2 billion under the institutional offering. The total application amount is approximately 2.8 times of the total issue size, which indicates a strong market interest in the bonds issuance. The total number of retail applicants exceeds 40,000. The net proceeds raised will be used by China Construction Bank as general working capital and for its internal operation. CCB International officiated the bonds issuance at a launch ceremony at Conrad Hotel on 27 August 2008. Mr. Joseph Yam, Chief Executive of Hong Kong Monetary Authority, Mr. Wang Bingxin, Director General of Economic Affairs Department of The Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr. Xie Duyang, Chairman of the Board of Supervisors of China Construction Bank and Mr. Fan Yifei, Vice President of China Construction Bank played host to over 50 prominent guests from the financial sector at the ceremony. The successful bonds offering has further consolidated the leading position of CCB International as an investment bank. It underscores not only the extensive institutional and retail sales network of CCB International, but also the comprehensive investment banking system of the company. The bonds issuance will be one of the CCB International's remarkable achievements this year following its role as a joint sponsor and joint lead manager for the successful listing of China Shanshui Cement Group Limited, and as a financial adviser to CNNC Overseas Uranium Holdings Limited for its acquisition of a controlling stake in a listed company in Hong Kong and as a financier for the resulting general offer.
Dr. Hu Zhanghong, CEO of CCB International (Holdings) is elected as Vice Chairman of Finance Committee of China Universities Alumni (Hong Kong) Association, which focus on the communications of Chinese financial institutions and Talent. The Chairman is Ms Zhu Lilai.
CCB International (“CCBI”) as the financial adviser of CNNC Overseas Uranium Holdings Limited (“CNNC Overseas”) in the acquisition of a controlling interest in United Metals Holdings Limited (“United Metals”), a listed company on the HKEx's Main Board. CCBI, as the financial adviser of CNNC Overseas in the acquisition of a controlling interest in United Metals, a listed company on the HKEx's Main board, was responsible for assisting CNNC Overseas in the acquisition of a 75% controlling interest in United Metals through acquiring part of the issued shares of United Metals from its existing substantial shareholder, and subscribing new shares and convertible bonds from United Metals. In addition to providing financial consultancy services including indentifying target company, undergoing negotiations with the target company on the structure, terms and conditions of the acquisition on behalf of CNNC Overseas and devising a comprehensive plan and management for the acquisition, CCBI also provided a financing service for CNNC Overseas in raising a facility of up to HK$180 million as funding for full acceptance of the possible offer. The acquisition is pending for approval. The acquisition is the first leading example for a State-owned enterprise to acquire the controlling interest of a Hong Kong listed company in the past few years. CCBI fully displayed its experience and capability in investment banking and capital market financing operations in providing comprehensive financial services for its clients through this acquisition project. The deal also underlined the strength of CCBI as a diversified one-stop financial institution.
CCBI as the joint sponsor and joint lead manger of China Shanshui Cement Group Limited's (“Shanshui Cement”) Listing As the joint sponsor and joint lead manager of Shanshui Cement's listing, CCBI assisted the company in its offer for subscription between June 20 and June 26 and its listing on the Hong Kong Stock Market on July 4. Shanshui Cement is the second largest producer of clinker and cement in China and the largest in Shangdong Province, in terms of both production and sales volume in 2007. After the acquisition at the end of last year, Shanshui Cement became the largest producer of clinker and cement in Liaoning Province. The company grew rapidly with the after-tax compound annual growth rate reached 42.4% from 2005 to 2007. The listing targets to raise a capital of over HK$1.8 billion. The offer price is HK$2.8 per share and the market capitalization is around HK$7.3 billion. CCBI, Morgan Stanley and Credit Suisse are the joint sponsors for the deal. The collaboration further strengthens CCBI's position as an investment bank. In view of the positive outlook of and strong confidence in Shangshui Cement, the direct investment division of CCBI acquired a shareholding of US$21.92 million in Shangshui Cement and invested US$98.08 million in its bonds. CCBI is actively establishing solid cooperation relationship with its clients. The branches in Shangdong and Hong Kong as well as CCBI joined hands to bring Shangshui Cement high-quality and comprehensive listing services locally and abroad, including investment banking and commercial banking services, capital market financing and credit market services. The all-rounded financial services delivered by CCBI help to create the greatest corporate values for its clients.
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