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02370 力高健康生活
REDCO HEALTHY
Listing Date2022/03/31
Listing Price4.100
 
Quote
Subscription Result
  • Subscription Rate
    1.99x
  • Guarantee One Lot Size
    3 lot
  • One Lot Success Rate
    48.62%
COMPANY PROFILE

Redco Healthy Living Company is a property management service provider with a leading position in Jiangxi Province and a service network strategically covering core regions such as the Yangtze River Delta Region, the Greater Bay Area, the Bohai Rim Region and the Central China Region.

As of September 30, 2021, the had a total of 91 projects under management with an aggregate GFA under management of 15.1 million sq.m., and had been contracted to manage 133 projects with an aggregate contracted GFA of 23.5 million sq.m. located in 28 cities across 11 provinces, municipalities and autonomous regions in China.

Its portfolio of managed properties comprises residential properties, and non-residential properties, primarily including commercial properties such as office buildings and shopping street) and public facilities.

For year of 2020 and the nine months ended September 30, 2021, 91.3% and 79% of its total revenue derived from properties developed by Redco Group and its joint ventures and associates.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureProperties
Major Business AreaChina
Board Lot500
GLOBAL OFFERING
No. of Offer Shares50.00M shares
No. of International Offer Shares45.00M shares
No. of HK Offer Shares5.00M shares
Offer Price$4.10 - $5.10
Stock Code2370
Sponsor(s)ABCI Capital Limited
Underwriter(s)ABCI Securities Company Limited, Valuable Capital Limited, Guotai Junan Securities (Hong Kong) Limited, CCB International Capital Limited, Zhongtai International Securities Limited, Sorrento Securities Limited, Yuzhou Financial Holdings Limited
TIME TABLE
Application PeriodMar 22 (Tue) - noon, Mar 25 (Fri)
Price Determination DateMar 25 (Fri)
Result Announcement DateOn or before Mar 30 (Wed)
Result Announcement DateOn or before Mar 30 (Wed)
Dealings in Shares commence onMar 31, 2022. (Thu)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$4.10 - $5.10
Capitalization820.00M - 1.02B
NAV / share ($)$1.31 - $1.54 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 4.6, the net proceeds raised would be HKD 179.80M, of which
55% : strategic investment and acquisition opportunities
15% : upgrade information technology infrastructure and promote smart community management
10% : improve services of Lifestyle Butler
10% : expand community healthcare services
10% : general business purpose and expand scope and scale of business



Remark: The above information is referenced from the prospectus.