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Jinmao property was heard by the Hong Kong Stock Exchange, with a total construction area of about 23.2 million square meters.
China International Capital Corporation and HSBC Holdings PLC are co-sponsors of Jinmao property's listing hearing through the HKEx, according to the Hong Kong Stock Exchange on February 6.
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Original report | Jinmao property: how to break through the gross profit margin and urban services?
Opinion index real estate regulation and control in recent years, property as an important part of the ecological chain of real estate development, has a high degree of dependence on the parent company, or affected by this, the stock price of listed property stocks has fluctuated greatly in the past few months. Despite the recent market worries, spin-off property listing is still an important way for housing enterprises to broaden financing channels, housing enterprises spin-off property listing enthusiasm unabated. In September, Jinmao property, the property platform of China Jinmao, formally submitted its prospectus to the Hong Kong Stock Exchange. From the perspective of the fundamentals of the enterprise, the total revenue of Jinmao property reached 944 million yuan in 2020, which mainly includes three business lines, which serve for property management.
Prospect of new shares | more than 90% of the property management income of Jinmao property listed on the spin-off comes from the parent company.
When it comes to China's Jin Mao (00817), we should be no stranger to it. As a fast-growing property developer, Jinmao Group ranked 14th among China's top 100 property service companies last year. Shanghai Jinmao Tower, the iconic building of Jinmao Group, was completed as one of the top ten tallest skyscrapers in the world. With the development and growth of Jinmao Group, Jinmao property, which has been established for nearly 25 years, has also begun to enter the capital market. Zhitong Financial APP learned that China Jinmao issued an announcement on August 31, proposing to spin off its Jinmao property Development Co., Ltd., and list on the main board of the Stock Exchange. China International Capital Corporation and
Jinmao property proposed IPO: income compound annual growth rate of 28% in the past three years overall gross profit margin of 25.1%
Chinanews.com, Finance and Economics, Sept. 3: recently, Jinmao property Development Co., Ltd. (referred to as "Jinmao property") submitted a prospectus to the Hong Kong Stock Exchange for listing on the main board. China International Capital Corporation and HSBC act as co-sponsors. According to the prospectus, Jinmao property is a fast-growing and leading provider of high-end property management and urban operation services in China, and its controlling shareholder is Jinmao of China. As of March 31, 2021, the total construction area of Jinmao property is about 18.1 million square meters. In terms of income, the compound annual growth rate of income in the past three years is 28.2%, and the income from 2018 to 2020 is 5.7 respectively.
How important is Business Management + property Management to the listing of Jinmao property
For property companies listed in Hong Kong, the business combination of business management and property management is considered to have higher premium ability and risk resistance.
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