2020-04-04 IFR Magazine

CRM FULLY EXERCISES GREENSHOE

CHINA RESOURCES MICROELECTRONICS has raised

ANûEXTRAû2MBMû53M  ûFROMûITSû3TARû

)0/ûAFTERûFULLYûEXERCISINGûTHEûGREENSHOEû

BECOMINGûTHEûSECONDûISSUERûTOûAPPLYûAû

GREENSHOEûONûTHEû!

SHAREûMARKETûTHISûYEARû

AFTERû0OSTALû3AVINGSû"ANKûOFû#HINA

4HEûSEMICONDUCTORûMANUFACTURERûSOLDûANû

ADDITIONALûMûSHARESûATûTHEûISSUEûPRICEûOFû

2MBûEACHûREPRESENTINGûûOFûTHEû

BASEûDEALûOFûMûSHARES

)NûTOTALû#2-ûRAISEDû2MBBNûFROMûTHEû

mOAT

4HEûSHARESûHAVEûBEENûTRADINGûABOVEûTHEû

ISSUEûPRICEûSINCEûTHEYûWEREûLISTEDûONû

&EBRUARYûûANDûTOUCHEDûAûHIGHûOFû

2MBûONû-ARCHû

#AYMANû)SLANDS

DOMICILEDû#2û

-ICROELECTRONICSûISûAûSUBSIDIARYûOFûSTATE

OWNEDû#HINAû2ESOURCES

CICC ISûTHEûSPONSOR

NJCG TO KICK OFF SHANGHAI IPO

NINGBO JINTIAN COPPERûWASûCONDUCTINGûPRICEû

CONSULTATIONSûFROMû!PRILûnûFORûITSû

2MBBNû53M  û3HANGHAIû)0/

)TûWILLûPRICEûTHEûDEALûONû!PRILûûANDûBOOKSû

WILLûOPENûFORûAûDAYûONû!PRILû

4HEûCOPPERûPROCESSINGûCOMPANYûPLANSûTOû

OFFERûMû!

SHARESûORûûOFûITSûENLARGEDû

CAPITALû)TSûORIGINALûTARGETûWASûTOûRAISEû

2MBBNûBYûSELLINGûMûSHARES

)TûWILLûUSEûTHEûPROCEEDSûONûFOURûCOPPERû

PROCESSINGûPROJECTSûTOûUPGRADEûPRODUCTIONû

LINESûANDûREPAYûLOANSûFROMûBANKSûWHICHû

WILLûCOSTû2MBBN

Caitong Securities ISûTHEûSPONSOR

NSI TO KICK OFF STAR IPO

NATIONAL SILICON INDUSTRY GROUPûWILLûPRICEûITSû

PROPOSEDû2MBBNû53M  û3HANGHAIû

3TARû)0/ûONû!PRILûûANDûBOOKSûWILLûOPENûFORûAû

DAYûONû!PRILû

4HEûCOMPANYûSAIDûINûANûUPDATEDû

PROSPECTUSûTHATûTHEûCORONAVIRUSûOUTBREAKû

HASûNOTûYETûHADûAûSIGNIlCANTûADVERSEûIMPACTû

ONûITSûOPERATIONS

4HEûSEMICONDUCTORûCOMPANYûPLANSûTOû

OFFERûMû!

SHARESûORûNOTûLESSûTHANûûOFû

ITSûENLARGEDûCAPITAL

0ROCEEDSûWILLûBEûUSEDûTOûEXPANDûTHEû

PRODUCTIONûCAPACITYûOFûSILICONûWAFERSûANDûTOû

REPLENISHûWORKINGûCAPITAL

3HANGHAIû'UOSHENGû'ROUPûANDûTHEû

.ATIONALû)NTEGRATEDû#IRCUITû)NDUSTRYû

)NVESTMENTû&UNDûAREûTHEûLARGESTû

SHAREHOLDERSûOFûTHEûCOMPANYûWITHûû

EACHû'UOSHENGû'ROUPûISû

OWNEDûBYûTHEû

3HANGHAIûMUNICIPALûGOVERNMENTûANDû

.)#))&SûLARGESTûSHAREHOLDERûISûTHEû-INISTRYû

OFû&INANCE

4HEûCOMPANYûPOSTEDûREVENUESûOFû

2MBBNûANDûAûNETûLOSSûOFû2MBMûFORû

THEûlRSTûNINEûMONTHSûOFû

Haitong Securities ISûTHEûSPONSOR

PEIJIA TO SEEK HK IPO

PEIJIA MEDICALûISûAIMINGûTOûSEEKûLISTINGû

APPROVALûINûTHEûSECONDûHALFûOFû!PRILûFORûAû

(ONGû+ONGû)0/ûOFûABOUTû53MûSAIDû

PEOPLEûCLOSEûTOûTHEûDEAL

4HEûMEDICALûDEVICESûMAKERûISûPLANNINGûTOû

WRAPûUPûTHEûDEALûINû-AYûIFûMARKETûCONDITIONSû

ALLOWûSAIDûTHEûPEOPLEûHuatai International and

Morgan StanleyûAREûTHEûSPONSORS

4HEûPHARMACEUTICALûSECTORûISûONEûOFûTHEû

FEWûINDUSTRIESûTOûBENElTûFROMûTHEû

CORONAVIRUSûPANDEMICûWITHû)0/SûANDû

FOLLOW

ONûOFFERINGSûSTILLûBEINGûDONEûDESPITEû

CHOPPYûMARKETûCONDITIONS

0EIJIAûPOSTEDûAûLOSSûOFû2MBMû53M û

FORûTHEûNINEûMONTHSûENDEDû3EPTEMBERûû

ûCOMPAREDûWITHûAûLOSSûOFû2MBMûOVERû

THEûSAMEûPERIODûINû

(ILLHOUSEû#APITALûOWNSûAûûSTAKEûINû

THEûCOMPANY

DUO CLEAR STAR IPO HEARINGS

3HANGHAIû3TARûCANDIDATESûFARASIS ENERGY (GAN

ZHOU) and SINOCELLTECH GROUPûHAVEûCLEAREDû)0/û

HEARINGSûATûTHEû3HANGHAIû3TOCKû%XCHANGE

&ARASISû%NERGYûAûVEHICLEûBATTERYû

MANUFACTURERûPLANSûTOûRAISEû2MBBNû

53M    û)TûWILLûSELLûUPûTOûMû!

SHARESû

ORûûOFûITSûENLARGEDûCAPITALû4HEREûISûAûû

GREENSHOE

0ROCEEDSûWILLûBEûUSEDûFORûAûLITHIUM

IONû

POWERûBATTERYûPROJECTûANDûTOûREPLENISHû

WORKINGûCAPITAL

Huatai United Securities ISûTHEûSPONSORûANDû

JOINTûBOOKRUNNERûWITHûCitic Securities and

Soochow Securities

3INOCELLTECHû'ROUPûWHICHûMANUFACTURESû

RECOMBINANTûPROTEINSûMONOCLONALûANTIBODIESû

ANDûVACCINESûPLANSûTOûRAISEû2MBBN

)TûFOLLOWSû3UZHOUû:ELGENû

"IOPHARMACEUTICALSûANDû"IO

4HERAû3OLUTIONSû

INûTAKINGûADVANTAGEûOFûLISTINGûCRITERIAûTHATû

ONLYûREQUIREûISSUERSûTOûHAVEûAûMINIMUMû

MARKETûCAPITALISATIONûOFû2MBBNûANDûTHATûDOû

NOTûINCLUDEûREVENUEûORûPROlTûREQUIREMENTS

CICC ISûTHEûSPONSOR

SUNKWAN PROPERTIES PLANS IPO

SUNKWAN PROPERTIESûISûPLANNINGûTOûRAISEûABOUTû

53MûFROMûAû(ONGû+ONGû)0/ûTHISûYEARû

SAIDûPEOPLEûCLOSEûTOûTHEûDEAL

4HEû#HINESEûPROPERTYûDEVELOPERûlLEDûAû

LISTINGûAPPLICATIONûLASTû-ONDAYûWITHûABC

International ASûSPONSORû

4HEûDEALûCOULDûHITûTHEûMARKETûASûSOONûASû

THEûSECONDûQUARTERûSAIDûTHEûPEOPLE

3UNKWANûPOSTEDûNETûPROlTûOFû2MBMû

53M ûFORûûALMOSTûmATûTOûTHEû

2MBMûINû

!SûOFû&EBRUARYûû3UNKWANûHADûAûPROPERTYû

PORTFOLIOûOFûûPROJECTSûWITHûAûTOTALûLANDûBANKû

OFûABOUTûûMILLIONûSQUAREûMETRES

98 International Financing Review April 4 2020

TOTAL NUMBER AND VOLUME OF EQUITY AND EQUITY-RELATED ISSUES BY COUNTRY

1/1/2020–31/3/2020

Volume No of Volume No of

Country US$(m) issues Country US$(m) issues

Saudi Arabia 699.7 1

South Africa 699.1 5

Israel 190.9 7

Morocco 83.3 1

Malawi 28.7 1

Africa/Middle East 1,701.7 15

China 27,877.0 159

India 5,940.7 26

Australia 3,939.4 128

Japan 2,937.8 58

Thailand 2,524.6 3

Hong Kong 2,520.6 30

Singapore 804.2 12

South Korea 685.3 14

Taiwan 472.2 20

Philippines 251.3 1

New Zealand 207.7 3

Malaysia 204.7 34

Indonesia 201.4 19

Macau 9.1 1

Asia-Pacific 48,576.0 508

United States of America 36,658.1 155

Brazil 8,102.9 11

Canada 4,494.2 61

Bermuda 471.2 4

British Virgin Islands (UK) 69.0 1

Americas 49,795.4 232

Germany 4,648.6 10

United Kingdom 4,393.2 76

Switzerland 4,223.8 7

France 2,871.4 11

Netherlands 2,346.2 3

Denmark 1,438.3 4

Russian Federation 1,250.0 1

Sweden 1,016.0 20

Italy 981.5 6

Guernsey 830.1 2

Finland 693.2 2

Turkey 509.5 2

Norway 404.5 15

Portugal 318.6 1

Austria 318.0 2

Spain 163.2 1

Poland 62.8 2

Bulgaria 26.8 2

Ireland 8.4 4

Jersey 4.6 1

Europe 26,508.7 172

Total 126,581.4 927

Source: Refinitiv

10 IFR Equities and SE 2327 p 95 - 106 .indd 98 03 / 04 / 2020 20 : 40 : 33