Real estate developer Jinhui Group intends to go public in Hong Kong, raising at least US $ 500 million
Date: 2020-03-17
According to the IPO, Jinhui Group, a large real estate development company, has recently been in close contact with investment banks. It is expected to be listed on the main board of the Hong Kong Stock Exchange in 2020. The scale of fundraising is expected to be at least US $ 500 million.
According to public information, Jinhui Group was established in Fuzhou, Fujian in 1996. Three years later, the first commercial project "Fuzhou Jinhui Building" was completed and the first residential project "Fuzhou Jinjiang Garden" was sold.
As of now, the main business of Jinhui Group includes real estate development, property management, property leasing, etc., which has covered 30 cities across the country and has over 100 development projects. The cumulative development scale has exceeded 20 million square meters. It is 280 billion yuan.
Among them, Jinhui Group mainly conducts real estate development in the Bohai Rim, Northwest, Yangtze River Delta, Southwest and South China regions. Representative products of the residential business include "Uber-based" products for urban middle and young customers, The high-end housing of urban high net worth people.
The three major product lines of commercial real estate are divided into office buildings, regional commerce and neighborhood commerce, which can include office buildings, shopping centers, block commerce, bottom merchants, and hotels. , Suzhou and other cities, such as Beijing Jinhui Building, Xi'an Jinhui Global Plaza, Chongqing Jinhui Copper Yuan Road, Suzhou Qianwan Commercial, etc.
Property management is one of the later business units of the Jinhui Group. Beijing Jinhui Jinjiang Property Services Co., Ltd. was established in August 2002. It has also formed a commercial, office, urban complex, villa, and mid-to-high-end residential property. An integrated professional management company with a management area of over 20 million square meters.
In addition, Jinhui Group's property leasing business is mainly self-owned property leasing, that is, self-held properties for leasing are all self-developed commercial real estate projects, including MALL and high-end office buildings.