02370 力高健康生活
REDCO HEALTHY
REDCO HEALTHY
| Listing Date | 2022/03/31 |
| Listing Price | 4.100 |
Quote
Subscription Result
- Subscription Rate1.99x
- Guarantee One Lot Size3 lot
- One Lot Success Rate48.62%
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IPO Detail
COMPANY PROFILE
Redco Healthy Living Company is a property management service provider with a leading position in Jiangxi Province and a service network strategically covering core regions such as the Yangtze River Delta Region, the Greater Bay Area, the Bohai Rim Region and the Central China Region.
As of September 30, 2021, the had a total of 91 projects under management with an aggregate GFA under management of 15.1 million sq.m., and had been contracted to manage 133 projects with an aggregate contracted GFA of 23.5 million sq.m. located in 28 cities across 11 provinces, municipalities and autonomous regions in China.
Its portfolio of managed properties comprises residential properties, and non-residential properties, primarily including commercial properties such as office buildings and shopping street) and public facilities.
For year of 2020 and the nine months ended September 30, 2021, 91.3% and 79% of its total revenue derived from properties developed by Redco Group and its joint ventures and associates.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Properties |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 50.00M shares |
| No. of International Offer Shares | 45.00M shares |
| No. of HK Offer Shares | 5.00M shares |
| Offer Price | $4.10 - $5.10 |
| Stock Code | 2370 |
| Sponsor(s) | ABCI Capital Limited |
| Underwriter(s) | ABCI Securities Company Limited, Valuable Capital Limited, Guotai Junan Securities (Hong Kong) Limited, CCB International Capital Limited, Zhongtai International Securities Limited, Sorrento Securities Limited, Yuzhou Financial Holdings Limited |
TIME TABLE
| Application Period | Mar 22 (Tue) - noon, Mar 25 (Fri) |
| Price Determination Date | Mar 25 (Fri) |
| Result Announcement Date | On or before Mar 30 (Wed) |
| Result Announcement Date | On or before Mar 30 (Wed) |
| Dealings in Shares commence on | Mar 31, 2022. (Thu) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $4.10 - $5.10 |
| Capitalization | 820.00M - 1.02B |
| NAV / share ($) | $1.31 - $1.54 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 4.6, the net proceeds raised would be HKD 179.80M, of which |
| 55% : strategic investment and acquisition opportunities |
| 15% : upgrade information technology infrastructure and promote smart community management |
| 10% : improve services of Lifestyle Butler |
| 10% : expand community healthcare services |
| 10% : general business purpose and expand scope and scale of business |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).