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01965 朗詩綠色生活
Landsea Life
Listing Date2021/07/08
Listing Price3.180
 
Quote
Subscription Result
  • Subscription Rate
    8.01x
  • Guarantee One Lot Size
    20 lot
  • One Lot Success Rate
    18%
COMPANY PROFILE

Landsea Life is a growing property management service provider well-established in the Yangtze River Delta.

It provides property developers, property owners and residents with a range of property management services, primarily including security, cleaning, gardening and landscaping, car parking management, and daily repair and maintenance services. Its project portfolio includes both residential and non-residential properties such as office buildings, rental apartments, public facilities, industrial parks, hospitals and branches of bank.

It also offers value-added services to non-property owners including sales assistance services, preliminary consultancy services and other pre-delivery services and property agency services for sales and leases of properties owned by property developers. It also offers a wide range of community value-added services in its residential properties under management. These services consist of home-living services, public resource management services and property agency services for second-hand properties.

As of 31 December 2020, its property management services covered 21 cities, including 15 cities in the Yangtze River Delta and six other cities in the PRC. Its total GFA under management amounted to 17.3 million sq.m. with a total of 123 managed properties, including 102 residential properties and 21 non-residential properties, serving over 120,000 households as at 31 December 2020. Further, its total contracted GFA amounted to 23.7 million sq.m. as at 31 December 2020.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureProperties
Major Business AreaChina
Websitewww.landseawy.com
Board Lot1000
GLOBAL OFFERING
No. of Offer Shares100.00m shares
No. of International Offer Shares90.00m shares
No. of HK Offer Shares10.00m shares
Offer Price$2.86 - $4.16
Registrar & Transfer OfficeComputershare Hong Kong Investor Services
Stock Code1965
Sponsor(s)Haitong International Capital Limited
Underwriter(s)Haitong International Securities Company Limited; BOCOM International Securities Limited; CCB International Capital Limited; China Industrial Securities International Capital Limited; CLSA Limited; CMB International Capital Limited; CRIC Securities Company Limited; Essence International Securities (Hong Kong) Limited; Futu Securities International (Hong Kong) Limited; Orient Securities (Hong Kong) Limited; Sunfund Securities Limited; Maxa Capital Limited
TIME TABLE
Application PeriodJun 25 (Fri) - Noon, Jun 30 (Wed)
Price Determination DateOn or Before 5pm, Jun 30 (Wed)
Result Announcement DateOn or Before Jul 7 (Wed)
Dispatch of Shares and Refund ChequesOn or Before Jul 7 (Wed)
Dealings in Shares commence onJul 8, 2021. (Thu)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveZhou Qin, Wu Xu, Liu Chao
Non-ExecutiveTian Ming (Chairman)
Independent Non-ExecutiveWong Chi Wing, Lu Mei, Chen Chienwen
MAJOR SHAREHOLDERS
Tian Ming40.15%
Hong Kong New Tourism17.89%
Lin Jinfeng10.93%
CURA International (Hong Kong) Investment Management5.53%
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
202020192018
Revenue600,906432,789310,123
Gross Profit160,730101,10082,663
Pre-Taxed Profit85,25847,57647,576
Attributable Profit for the period65,56034,00525,265
OFFER STATISTICS (HK$)
Offer Price$2.86 - $4.16
Capitalization$1,144m - $1,664m
Unaudited pro forma adj NAV / share$0.71 - $1.02
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $3.51, the net proceeds raised would be HK$290.1m, of which:
* $164.8m (56.8%) use for strategic acquisitions and investments;
* $44.4m (15.3%) use for further upgrading the software and hardware of its digitalised smart systems, improving customer data security and establishing a strategy analysis platform, developing and upgrading its internal management systems and and continuing to upgrade its Landsea e Cloud and the IT tolls and software ;
* $29.6m (10.0%) use for enriching community living and cultural activities, expanding and further promoting its property agency servcies and community value-added services ;
* $22.3m (7.7%) use for continuing to incentivise retain and recruit talents ;
* the balance of $29.0m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
00106LANDSEA PPTunchange0.5200.0000.000%
01417RIVERINE CHINAunchange1.8100.0000.000%
01538ZHONG AO HOMEunchange0.7300.0000.000%
01755S-ENJOY SERVICEunchange16.7000.0000.000%
01778COLOUR LIFEunchange2.5300.0000.000%
01895XINYUAN PMunchange2.0180.0000.000%
01941YE XING GROUPunchange0.7900.0000.000%
01965LANDSEA LIFEunchange3.2000.0000.000%
01995CIFI ES SERVICEunchange16.8600.0000.000%
02168KAISA PROSPERunchange19.1000.0000.000%
02669CHINA OVS PPTunchange7.1400.0000.000%
02869GREENTOWN SERunchange8.9200.0000.000%
03319A-LIVINGunchange29.2500.0000.000%
03662AOYUAN HEALTHYunchange4.4400.0000.000%
06049POLY PPT SERunchange48.4500.0000.000%
06093HEVOL SERVICESunchange4.1300.0000.000%
06098CG SERVICESunchange66.1000.0000.000%
06958ZHENRO SERVICESunchange5.2300.0000.000%
09909POWERLONG CMunchange18.8200.0000.000%
09983CC NEW LIFEunchange6.1600.0000.000%
15-min delayed, last updated: 22/10/2021 08:02
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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