CCB International Successfully Sponsors the Listing of China Starch in Hong Kong

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.