Huatai Financial Assists Jinke Services’ Listing on the HKEX Main Board

On 17 November 2020, Jinke Smart Services Group Co., Ltd. (“Jinke Services”, 9666.HK) was successfully listed on the Main Board of the Hong Kong Stock Exchange, which marked as the largest H-share IPO in terms of offering size in property management sector and the largest spin-off and separate listing of property management sector under A-share real estate companies in history.

Huatai Financial acted as the Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager for the deal. Jinke Services issued approximately 153 million shares under the global offering at an issue price of HK$44.7 per share, raising a total amount of HK$6.83 billion (after fully exercising the over-allotment option).

Up to the date of Jinke Services’ listing, Huatai Financial has sponsored six Hong Kong IPO deals in property management sector, strengthening Huatai’s absolute leading position in Hong Kong IPO market for property management companies.

Jinke Services is a leading, comprehensive and “smart” property management service provider in the PRC and was recognized by the China Index Academy as a top ten property management company among the Top 100 Property Management Companies in China in terms of overall strengths for five consecutive years from 2016 to 2020 and ranked the first among the Top 100 Property Management Companies in the Southwestern China Region in terms of overall strengths for six consecutive years from 2015 to 2020.