everbright sponsors the gem listing of credit china holdings limited | china everbright limited-九游会登录

 

china everbright capital limited and china everbright securities (hk) limited, both subsidiaries of everbright, acted as the sole sponsor, sole bookrunner and sole lead manager for the listing of credit china holdings limited (stock code: 8207). the placing was 14 times oversubscribed. dealings of credit china’s shares on the growth enterprise market of hong kong stock exchange commenced on november 19, 2010 (friday). credit china offered 400,000,000 shares by way of placing. the offer price has been determined at hk$0.75 per share in broad lots of 4,000 shares. total proceeds amounted to approximately hk$300 million. 

 

credit china, though its subsidiaries, mainly provides real estate secured financing and related advisory services in the yangtze river delta region. its target clients are small and medium private enterprise and individuals, filling the market vacuum created by the difficulty of obtaining small loan approval from commercial banks. credit china saw rapid growth during the track record period. 

 

credit china plans to continue to develop financing and related businesses in other regions of mainland china and hong kong. it has obtained loan guarantor qualification in jiangsu and money lenders licence in hong kong. 

 

the investment banking division of everbright acts as sponsor, lead-underwriter or co-lead underwriter for listing projects. it also provides financial advisory services for share placement, acquisition, merger, privatization and project finance. credit china is the third sponsorship and lead-underwriting project by the investment banking team of everbright this year, following the main board listing of flyke international (stock code: 1998) and tian shan development (stock code: 2118).