EQS-News / 11/11/2019 / 13:42 UTC+8
*Immediate release
11 November 2019*
*China top 50 enterprises latest investment in Hong Kong*
HONG KONG, 11 Nov 2019 - Xinji Shaxi Group Co., LTD ("Xinji Shaxi" or "the
Company"; Stock Code: 3603.HK), the largest operator of shopping malls for
hospitality supplies in terms of operating areas as well as the rental
revenue of hospitality supplies in China, commenced trading on the Main
Board of The Stock Exchange of Hong Kong Limited last friday. On its first
trading day, the share price of Xinji Shaxi closed at HK$1.3, which was 30%
higher that the Offer Price of HK$1. A total of approximately 87.17million
shares were traded. The turnover of Xinji Shaxi shares during the first
tradiing day amounted to approximately HKD108million. It was one of the the
best performing IPO last month.
Recently, the focus has been put on Budweiser Asia IPO with JP Morgan and
Morgan Stanley as joint sponsors and CMGE IPO with CICC and BNP Paribas as
joint sponsors. Xinji Shaxi IPO with Raffaello Capital as sole sponsor is
another IPO that worth mentioning.
Zhanpeng Investment has 10% shareholdings in Xinji Shaxi. Zhanpeng
Investment is funded by Shanghai Shenglong Investment Group Co., Ltd. While
Mr. Wu Jianxun serves as the director of Shanghai Shenglong Investment, who
is also named the non-executive director of Xinji Shaxi.
Shanghai Shenglong Investment Group Co., Ltd. was founded in Fujian by a
famous Chinese entrepreneur Mr Lin Yi in 1999. The business footprints has
extended throughout China and is currently headquartered in Lujiazui,
Shanghai. Over the last ten years, Shanghai Shenglong Investment has become
one of the top 50 enterprises in China. The real estate development projects
spread all over the domestic and overseas markets. It offers real estate
development, commercial management, hotel operation, culture and bank
investment services.
Raffaello Capital is a well-known sponsor in Hong Kong participating in many
successful IPOs such as Fineland Real Estate Services Group Limited
(8376.HK), Champion Alliance International Holdings Limited (1629.HK) and
Tian Yuan Group Holdings Limited (6119.HK)
- End-
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Document title: China top 50 enterprises latest investment in Hong Kong
11/11/2019 Dissemination of a Marketing Press Release, transmitted by EQS
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(END) Dow Jones Newswires
November 11, 2019 00:42 ET (05:42 GMT)
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