
SUNSHINE INS
Listing Date | 2022/12/09 |
Listing Price | 5.830 |
- Subscription Rate0.13x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2022/12/09 |
Listing Price | 5.830 |
Sunshine Insurance Group is a fast-growing, privately owned insurance group in the PRC. The Group carries out business by:
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1.Sunshine Life, offering approximately 140 products covering life insurance, health insurance and accident insurance; Sunshine Life ranked 12th among 91 PRC life insurance companies with a market share of 1.7% in terms of Original Premiums Income (“OPI”) in 2020.
2.Sunshine P&C, offering over 4,000 property and casualty insurance products covering automobile insurance, accident and short-term health insurance, guarantee insurance, liability insurance, agriculture insurance and commercial property insurance. Sunshine P&C ranked seventh among 87 PRC property and casualty insurance companies with a market share of 2.7% in terms of OPI in 2020 ; and
3.Manage insurance funds through Sunshine AMC. As of June 30, 2022, the Group’s total investment assets amounted to RMB416,267 million.
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As of June 30, 2022, Sunshine Life and Sunshine P&C had 2,855 branches, it has 2,083 exclusive agency outlets. Sunshine Life had approximately 62,000 individual insurance agents and over 5,400 bancassurance salespeople, providing life and health insurance products through its 27,628 bancassurance branches and outlets. It had a large customer base consisting of approximately 31.5 million individual customers and approximately 800,000 institutional customers.
Market | Hong Kong (Main Board) |
Business Nature | Insurance |
Major Business Area | China |
Board Lot | 500 |
No. of Offer Shares | 1.15B H shares |
No. of International Offer Shares | 1.14B H shares |
No. of HK Offer Shares | 14.50M H shares |
Offer Price | $5.83 - $6.45 |
Stock Code | 6963 |
Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited, UBS Securities Hong Kong Limited, CCB International Capital Limited |
Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited, UBS AG Hong Kong Branch, CCB International Capital Limited, BNP Paribas Securities (Asia) Limited, BOCOM International Securities Limited, ICBC International Securities Limited, CMB International Capital Limited, CLSA Limited, ABCI Securities Company Limited, China Merchants Securities (HK) Co., Limited, Shenwan Hongyuan Securities (H.K.) Limited, Soochow Securities International Brokerage Limited |
Application Period | Nov 30 (Wed) - noon, Dec 05 (Mon) |
Price Determination Date | Dec 05 (Mon) |
Result Announcement Date | On or before Dec 08 (Thu) |
Result Announcement Date | On or before Dec 08 (Thu) |
Dealings in Shares commence on | Dec 09, 2022. (Fri) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $5.83 - $6.45 |
Capitalization | 67.05B - 74.19B |
NAV / share ($) | $5.77 - $5.84 () |
Assuming the offer price being at HKD 6.14, the net proceeds raised would be HKD 6.77B, of which |
100% : Strengthen the Group's capital base |
09/12/2022 16:08 |
{New Stock}SUNSHINE INS(06963) ends flat at HK$5.83 |
09/12/2022 09:20 |
{New Stock}SUNSHINE INS(06963) opens flat at HK$5.83 |
08/12/2022 18:35 |
{New Stock}SUNSHINE INS ends down 0.17% on grey market |
08/12/2022 16:20 |
{New Stock}SUNSHINE INS down 1.37% at HK$5.75 on grey market |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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