CCB International Completes Listing of Xiwang Sugar as Lead Sponsor, Exclusive Global Coordinator, Exclusive Book Runner and Lead Underwriter


In 2005 CCB International served as the lead sponsor, exclusive global coordinator, exclusive book runner and lead underwriter and successfully completed the listing of Shandong Xiwang Group (China's largest manufacturer of crystalline dextrose) in Hong Kong (name: Xiwang Sugar, code: 2088), selling a total of 3 million shares for the group and raising a capital of HK$ 605 million. The investment invitation was well received, attracting such globally famous funds as Invesco, Barings, First State and Value Partners for international subscription. Valid applications of nearly HK$16 billion were received for public offering, with a subscription ratio of 275 times, ranking the 5th among new issues in 2005.

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