Company News

Huatai Financial Assists Yincheng Life Service Listing on the HKEX Main Board

On November 6th, Yincheng Life Service Co., Ltd. (1922.HK)was successfully listed on the main board of the Hong Kong Stock Exchange.

Huatai Financial was the Leading Joint Bookrunner and Joint Lead Manager for the deal.

Yincheng Life Service issued 66.68 million shares worldwide at an issue price of HK$2.18 per share, raising a total amount of HK$145 million (before the exercise of the over-allotment option).

Yincheng Life Service is one of the leading property management service providers in both Nanjing and Jiangsu Province. The company was ranked 1st, and the 5th among all property management service providers in Nanjing and Jiangsu Province in 2018 in terms of revenue, respectively, and the 34th among the China Top 100 Property Management Companies in 2019.