Company News

Huatai Financial Assists Evergrande Property Services Listing on the HKEX Main Board

On December 2, 2020, Evergrande Property Services Group Limited (6666.HK) was successfully listed on the main board of the Hong Kong Stock Exchange.

Huatai Financial was the Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager for the deal.

Evergrande Property Services offered a total of 1.62 billion shares, comprising 0.81 billion New Shares and 0.81 billion Sale Shares, raising a total amount of HK$14.27 billion.

Evergrande Property Services is a subsidiary of China Evergrande Group, a Fortune 500 company. It began providing property management services in 1997 and operates its business in over 280 cities in China as a comprehensive property management service provider with nearly 50,000 employees and mid-level managers composed of highly qualified and highly educated professionals with more than 95% of whom hold a bachelor degree or above. As of June 30, 2020, the company was contracted to manage nearly 1,400 projects including medium and high-grade residential buildings, commercial properties, theme parks, industrial parks, healthcare complexes, themed towns and schools, among others, covering a total contracted GFA over 500 million sq.m. as of June 30, 2020.