Deacons advises on Main Board IPO of a PRC property developer

26 February 2019

CFPG advises the sole sponsor ICBC International Capital Limited and underwriters in relation to the Main Board IPO of Yincheng International Holding Co., Ltd..

The company is an established property developer in the PRC focusing on developing residential properties in the Yangtze River Delta Megalopolis.  It was awarded as one of the Top 10 property developers in Jiangsu Province in 2018 in terms of comprehensive performance according to the Enterprise Research Institute of Development Research Centre of the State Council (國務院發展研究中心企業研究所), Real Estate Research Institute of Tsinghua University (清華大學房地產研究所) and China Index Academy (中國指數研究院).

The company published its IPO prospectus on 22 February 2019, seeking to raise up to approximately HK$879 million (subject to the exercise of over-allotment option).  Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 6 March 2019.

Our team is led by Rhoda Yung, Partner of our Corporate Finance Practice Group.