Capital Circle | First Day of IPO in Hong Kong: HK $ 27.08 million temporarily registered as a margin transaction – Viewpoint

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The first day of the IPO in Hong Kong: 27.08 million Hong Kong dollars temporarily registered and the margin was not subscribed enough

On September 19, according to Hong Kong Capital Market News, Vanke’s Wanke’s Hong Kong IPO was officially launched on Monday.According to data from major brokers, at 15:30 Wanke temporarily posted a margin of 27, 08 million HK $. Calculation of the collection of 615 million Hong Kong dollars, still insufficient underwriting. Among them, Futu recorded a margin of HK $ 24 million. Everything Cloud closed its IPO on Thursday and is expected to go public on September 29th.

Viewpoint New Media has learned that Wanwuyun will be IPO from September 19 to September 22, 2022 and plans to offer approximately 116.7 million H shares globally, of which the Hong Kong offering represents 10%, the international offerings represent the 90% and another 15% allotment in excess.

The offering price per share is HK $ 47.1 – HK $ 52.7, each lot of 100 shares, the admission fee is HK $ 5,323.11 and the shares are expected to start trading at 9:00 on the 29th September (Thursday).

Atour Hotel updated its listing prospectus in the United States, with revenues of 515 million yuan in the second quarter, an increase of 13.8% compared to the previous quarter

On September 17, Atour Hotel Group updated its prospectus on the official website of the US Securities Regulatory Commission.

According to updated data, Atour achieved a turnover of RMB 967 million in the first half of this year; the net profit attributable to the parent company was RMB 69.047 million. In terms of quarterly revenue breakdown, Atour’s second quarter revenue was RMB 515 million, an increase of 13.8% over the previous quarter, resulting in a rapid recovery in performance.

From the point of view of the composition of income, Atour’s hotel management income in the first half of the year was 569 million yuan; hotel rental income was 254 million yuan; retail and other income was 143 million yuan, an increase of 18.7% over the same period last year.

In addition, in terms of hotel business, Atour recorded a net increase of 89 stores in the first half of the year. As of June 30, 2022, Atour’s hotel network covered 834 hotels in 151 cities across the country, with a total of 96,969 rooms; excluding hotels temporarily closed or requirements due to the impact of the epidemic, the overall occupancy rate of Atour hotels in the first half of the year reached 57.5%; ADR (Average Daily Rate) reached RMB 367.9; the RevPAR (average revenue per available room) was 224.4 RMB.

KWG has issued US $ 795 million senior notes at 6.0% per annum interest

On September 19, KWG Group Holdings Co., Ltd. announced the issuance of approximately $ 795 million in 6.0% senior notes maturing in 2024.

Viewpoint New Media has learned that KWG issues senior notes due in 2024. The total principal amount is USD 794,925,800 (“New Notes”). The new bonds will bear interest at 6.0% per annum and expire on January 14, 2024.

The new notes are the company’s senior debt, secured by some of the company’s existing branches. Meanwhile, at any time before January 14, 2024, KWG may choose to redeem the new bonds in whole or in part at a redemption price equal to 100% of the principal of the new bonds and accrued and unpaid interest up to the redemption date. . On each mandatory redemption date specified in the “Description of the New Notes”, the Company will redeem at least the minimum nominal amount of the new Notes specified in the “Description of the New Notes” at a redemption price equal to 100% of the principal of the new redeemed Notes. %, plus accrued and unpaid interest as of (the relevant mandatory redemption date.

Upon full repayment or termination of the Project Specific Loan, upon completion of any specific asset sale, KWG, on the date the total net consideration of all specific asset sales since that date exceeds US $ 50 million (including 60-day period. Distribution period “), to distribute or cause to distribute an amount equal to 50% of the net consideration arising from the sale of such specified assets for the redemption, repurchase or redemption of the New Bonds in the manner established in the” New instructions for notes “.

In this regard, the KWG Group will turn to the Singapore Stock Exchange for the listing and listing of the new banknotes on the Singapore Stock Exchange. If the New Bonds are listed on SGX-ST and SGX’s rules require it, the New Bonds will be traded in a minimum lot size of S $ 200,000 (or the equivalent in a foreign currency). Therefore, the new note will trade with a minimum lot size of $ 150,000.

Poly Real Estate’s wholly owned subsidiary can issue corporate bonds of up to 5 billion yuan

On September 19, Poly Real Estate Group Co., Ltd. issued a bond issue announcement.

Viewpoint New Media learned from it that on September 14, 2022, the China Securities Regulatory Commission approved Poly Real Estate Group Co., Ltd. (Shanghai Poly Real Estate), a wholly owned subsidiary of Poly Real Estate, a wholly owned subsidiary incorporated in People’s Republic of China Application for public issuance of domestic corporate bonds with a nominal value not exceeding RMB 5 billion in installments.

Under the approval, Shanghai Poly Real Estate can issue corporate bonds in installments within 24 months from the date the CSRC approves the corporate bond issue.

Tyson Holdings, a subsidiary of SF Express, has been authorized to register and issue 2 billion yuan of corporate bonds

SF Holding Co., Ltd. announced on September 19 that Shenzhen SF Taisen Holdings (Group) Co., Ltd., a wholly owned subsidiary, recently received the China Securities Regulatory Commission “Regarding the approval of Shenzhen SF Taisen Holdings ( Group) Co., Ltd. to invest in the professional response to the registration of the public issue of corporate bonds.

As a result, the China Securities Regulatory Commission approves Tyson Holdings’ application for registration for the public issuance of corporate bonds with a total nominal value of no more than 2 billion yuan to professional investors; such approval is valid for 24 months from the registration approval date, and Tyson Holdings is within the registration validity period. Corporate bonds can be issued in installments.

According to Viewpoint New Media, on September 15 Tyson Holdings issued the 10th tranche of very short-term financial bonds in 2022. The bond is abbreviated to “22 SF Taisen SCP010”, with a maturity of 90 days and a total issue amount of 500 million RMB The interest rate is 1.62%. The funds raised were received on September 16, 2022.

Subsidiary CLP Optics Valley receives RMB 880 million revolving loan from CLP Finance in one year

On the evening of September 19, CEC Optics Valley United Holdings Co., Ltd. announced the ongoing related transactions of the 2022 Financing Agreement.

From October 29, 2021 to September 10, 2022, China Electronics Finance Co., Ltd., a subsidiary not wholly owned by China Electronics, provided Wuhan Optics Valley United (a wholly-owned indirect subsidiary of the company) a maximum of 110 millions of yuan in revolving loans.

Considering that the revolving financing under the 2021 financing agreement will expire on September 10, 2022 and taking into account the constant funding request from Wuhan Optics Valley United, on September 19, 2022 Wuhan Optics Valley United and CLP Finance entered into an agreement of the 2022. annual loan agreement.

As a result, CLP Finance has subordinately agreed to provide Wuhan Optics Valley United with revolving financing of up to RMB 880 million (equivalent to approximately HK $ 995,368,000) for the one-year period from October 20, 2022 to October 19, 2023.

According to the agreement, as of the date of this announcement, the ratio is currently 3.65% and is determined by the prevailing interest rates offered by the main commercial banks in the PRC for loan lines of the same duration and type.

In light of the above, CEC Optics Valley expects CLP Finance’s secured loan amount to increase significantly in the future, so a new ceiling of RMB 880 million has been set under the 2022 financing agreement. .

CEC Optics Valley said the group has obtained secured and unsecured loans from CEC Finance to finance its operational needs. In 2021, Wuhan Optics Valley United Group received a total loan of approximately RMB 900 million from CLP Finance and, as of August 31, 2022, Wuhan Optics Valley United Group owed CLP Finance a total outstanding loan of approximately RMB 776 million. RMB. Taking into account the good relationship with CLP Finance in the past and the efficient and reliable credit financing provided by CLP Finance under the 2021 financing agreement, and CLP Finance is familiar with the financing needs, policies and operations of the Group, can provide the Group with a personalized and quality loan service.

The Board believes that the signing of the 2022 financing agreement will allow Wuhan Optics Valley United to obtain a large line of credit at interest rates no higher than those offered by major commercial banks of the same duration and type in China.

SIIC obtained a Hong Kong dollar 400 million revolving term loan from a bank

On September 19, Shanghai Industrial Urban Development Group Co., Ltd. made an announcement on the establishment of a revolving term loan.

The announcement stated that SIUD (as a borrower) entered into a financing circular with a bank (as a lender) on September 19, regarding a revolving term loan of up to HK $ 400 million, and the date of deadline is the self-financing circular Twelve months from the date of acceptance.

The purpose of the Revolving Term Loan Facility is to finance the general business needs of the Company and its subsidiaries, including, but not limited to, the payment of dividends, the granting of loans to shareholders to the Company’s subsidiaries and the refinancing of the existing debt of the group.

SIUD undertakes to ensure that as long as the revolving term loan structure or any amount contained therein remains unpaid, SIUD Holdings and its main shareholder, Shanghai Industrial Holdings Co., Ltd., whose shares are listed on the main board of the Hong Kong Stock Exchange Limited and SIIC The controlling shareholder, Shanghai Industrial (Group) Co., Ltd., must directly or indirectly own no less than 51% of the total issued share capital of SIUD and retain control of management on SIUD. Any violation of the participation and management covenants will constitute an event of default pursuant to the Facility Letter.

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