APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Zhenro Properties Group  / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/26178" target="_blank" data-smartkarma-citation="entities:26178:1">Zhenro Properties Group Ltd (6158 HK)</a> is looking to raise approximately US$500 - 600m in its upcoming IPO. Proceeds raised will be mainly used to fund constructions costs of ongoing development projects and repay bank loan.</p><p> In this insight, we will look at the company's land bank, property under development and unsold property, compare the company to Hong Kong-listed real estate developers. We will also run the deal through our ECM framework.</p>

Zhenro Properties Group Ltd (6158 HK) is looking to raise approximately US$500 - 600m in its upcoming IPO. Proceeds raised will be mainly used to fund constructions costs of ongoing development projects and repay bank loan. In this insight, we will look at the company's land bank, property under development and unsold property, compare the company to Hong Kong-listed real estate developers. We will also run the deal through our ECM framework.

Zhenro Property IPO Review - An Aspiring Small Property Developer

China

Crown International Corp Limited engages in the businesses of hotel investment and operation and property investment.

E-House (China) Enterprise Holdings Limited provides real estate services. The Company offers primary real estate agency, big data and consulting, secondary brokerage platform, and other services. E-House (China) Enterprise Holdings provides services in Hong Kong.

FLJ Group Limited provides real estate services. The Company offers apartment on rental basis. FLJ Group serves customers in China.

Zhongliang Holdings Group Company Limited operates as a real estate development company. The Company develops and markets high-rise residential buildings, low-rise apartments, villas, commercial facilities, office buildings, and other related areas. Zhongliang Holdings Group provides property management services.

Zhong An Group Limited operates as a real estate development company. The Company builds shopping malls, office buildings, hotels, serviced apartments, and other buildings. Zhong An Group markets its products throughout China.

Kaisa Group Holdings Limited is an integrated real estate company. The Group focuses on urban development and operation. Kaisa Group's real estate business covers the planning, development and operation of large-scale residential properties and integrated commercial properties.

China Electronics Optics Valley Union Holding Company Limited develops and operates commercial business parks. The Company upgrades, restructures, develops and operates commercial business properties throughout China.

Beijing North Star Company Limited develops, leases, and invests in properties. The Company operates shopping centers, hotels, restaurants, and recreation businesses.  The Company also provides property management.

Huafa Property Services Group Company Limited operates as a property management company. The Company offers property and facility management, design and engineering consulting, brand introduction, hotel advisory, events, and exhibition services. Huafa Property Services Group serves clients in Hong Kong and China.

A-Living Smart City Services Co., Ltd. offers property management services. The Company provides hydropower maintenance, parking management, home cleaning, and other services. A-Living Smart City Services also engages in interior decoration works, landscaping works, and others.

AQ Estate Public Company Limited and its subsidiaries develop land and real estate including single family homes, duplex units, town homes and condominiums, for residential and commercial use.  The Company, through its subsidiaries, provides construction services, and owns and operates golf course.

Mongolia Growth Group Limited is a fully integrated and self-managed real estate investment company, and one of the largest owners and operators of high-quality commercial properties in downtown Ulaanbaatar, Mongolia. The Company focuses on acquiring, owning, managing, and redeveloping top-tier retail, commercial, and office properties.

Chaoprayamahanakorn Public Company Limited operates as a real estate development company. The Company develops residential, universities and institutes, department stores, shopping centers, health care, retail, and commercial buildings. Chaoprayamahanakorn serves customers in Thailand.

Redsun Properties Group Limited operates as a real estate development company. The Company develops and markets residential areas, office buildings, hotels, restaurants, and other related areas. Redsun Properties Group markets its buildings throughout Cayman Islands.

China Infrastructure Investment Limited is an investment holding company. The Company mainly invests in property development and natural gas businesses. China Infrastructure Investment Limited operates out of Hong Kong.

KC Property Public Company Limited and its subsidiaries develop land and real estate in Thailand. The Company develops commercial buildings, apartment buildings, condominiums, single houses, townhouses, cluster houses, and garden resorts. The Company's projects include Ban Klang Buri, Modern Home  Place, and Modern Home Garden Village.

Sietel Limited, through its subsidiaries, invests in industrial and commercial real estate, provides financed and leased facilities, and plant and management services to its controlled entities.  The Company also develops hot water heaters and does vehicle body manufacturing for the commercial automobile industry.

Asia Resources Holdings Limited operates as a holding company. The Company, through its subsidiaries, focuses on water business, property development, and investments. Asia Resources Holdings serves clients worldwide.

Eminence Enterprise Limited provides real estates services. The Company engages in property investment and development, as well as invests in listed securities and money lending business. Eminence Enterprise serves investors in in Hong Kong.

Deutsche Grundstuecksauktionen AG provides auctions for real estate properties. Its clients include private and commercial real estate management companies, the German government, local municipalities and cities.

Zhenro Properties Group Limited operates as a real estate development company. The Company builds and markets residential properties, office buildings, hotels, restaurants, and other related areas. Zhenro Properties Group also provides property management services. Zhenro Properties Group serves customers in China.

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Zhenro Properties Group (6158 HK)

Zhenro Property IPO Review - An Aspiring Small Property Developer

Zhenro Properties Group Ltd (6158 HK) is looking to raise approximately US$500 - 600m in its upcoming IPO. Proceeds raised will be mainly used to...

Zhen Zhou, Toh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)