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02165 領悅服務集團
Ling Yue Services Group
Listing Date2021/07/12
Listing Price4.190
 
Quote
  • 4.090 -0.010 (-0.244%)    Sink Below Listing Price
  • 15-min delayed, last update: 21/10/2021 17:59
Subscription Result
  • Subscription Rate
    5.23x
  • Guarantee One Lot Size
    9 lot
  • One Lot Success Rate
    13%
COMPANY PROFILE

Ling Yue Services is a property management company rooted in Sichuan Province with a well-established position in Western China and a presence across China.

As of December 31, 2020, the Group had been contracted to manage 234 properties with an aggregate contracted GFA of approximately 36.2 million sq.m., and had 174 properties with an aggregate GFA of approximately 20.2 million sq.m. under our management, covering 31 cities in nine provinces, one autonomous region and one municipality.

As of 20 Jun 20021, its aggregate contracted GFA and GFA under management reached approximately 37.7 million sq.m. and 20.7 million sq.m.

The Group provided property management services and value-added services to substantially all of the properties developed by Leading Holdings Group (06999) during the period comprising the three years ended December 31, 2018, 2019 and 2020.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureProperties
Major Business AreaChina
Websitewww.lingyue-service.com
Board Lot1000
GLOBAL OFFERING
No. of Offer Shares70.00m shares
No. of International Offer Shares63.00m shares
No. of HK Offer Shares7.00m shares
Offer Price$3.75 - $4.55
Registrar & Transfer OfficeComputershare Hong Kong Investor Services
Stock Code2165
Sponsor(s)CCB International Capital Limited
Underwriter(s)CCB International Capital Limited; CMB International Capital Limited; Huatai Financial Holdings (Hong Kong) Limited; Seazen Resources Securities Limited; Vision Capital International Holdings Limited; Shenwan Hongyuan Securities (H.K.) Limited; CMBC Securities Company Limited; I Win Securities Limited
TIME TABLE
Application PeriodJun 29 (Tue) - Noon, Jul 5 (Mon)
Price Determination DateOn or Before 5pm, Jul 5 (Mon)
Result Announcement DateOn or Before Jul 9 (Fri)
Dispatch of Shares and Refund ChequesOn or Before Jul 9 (Fri)
Dealings in Shares commence onJul 12, 2021. (Mon)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveLiu Yuhui (Chairman), Luo Hongping
Non-ExecutiveWang Tao, Hou Sanli
Independent Non-ExecutiveLuo Ying, Zhang Qian, Zou Dan
MAJOR SHAREHOLDERS
Director Liu Yuhui and related parties74.25%
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
202020192018
Revenue428,162279,958169,004
Gross Profit144,78986,22545,495
Pre-Taxed Profit84,20241,55017,533
Attributable Profit for the period65,21632,09011,936
OFFER STATISTICS (HK$)
Offer Price$3.75 - $4.55
Capitalization$1,050m - $1,274m
Unaudited pro forma adj NAV / share$1.07 - $1.27
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $4.45, the net proceeds raised would be HK$242.5m, of which:
* $169.8m (70.0%) to use for strategic acquisitions and investments;
* $48.5m (20.0%) to upgrade information system and equipment; and
* the balance of $24.2m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01417RIVERINE CHINAup1.8100.0502.841%
01538ZHONG AO HOMEunchange0.7300.0000.000%
01755S-ENJOY SERVICEup16.7000.6804.245%
01778COLOUR LIFEunchange2.5300.0000.000%
01895XINYUAN PMunchange2.0180.0000.000%
01941YE XING GROUPup0.7900.0202.597%
01995CIFI ES SERVICEup16.8600.4602.805%
02165LING YUE SER GPdown4.090-0.010-0.244%
02168KAISA PROSPERup19.1000.3401.812%
02669CHINA OVS PPTdown7.140-0.010-0.140%
02869GREENTOWN SERup8.9200.1401.595%
03319A-LIVINGup29.2501.5005.405%
03662AOYUAN HEALTHYup4.4400.48012.121%
06049POLY PPT SERunchange48.4500.0000.000%
06093HEVOL SERVICESunchange4.1300.0000.000%
06098CG SERVICESup66.1002.1003.281%
06958ZHENRO SERVICESup5.2300.2605.231%
06999LEADING HLDGSup5.7100.0100.175%
09909POWERLONG CMup18.8201.5609.038%
09983CC NEW LIFEup6.1600.2203.704%
15-min delayed, last updated: 21/10/2021 17:59
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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