CICC Assists YCIH Green High-Performance Concrete in a Successful Listing on the Main Board of HKEX

On October 31, 2019, YCIH Green High-Performance Concrete Company Limited (“YCIH Green High-Performance Concrete”, “GHPC” or “the Company”,1847.HK) was successfully listed on the Main Board of Hong Kong Stock Exchange with a pre-greenshoe offering size of HK$450 MM. CICC acted as Sole Sponsor, Sole Global Coordinator and Sole Bookrunner in the offering.

 

YCIH Green High-Performance Concrete is China’s 6th largest and Yunnan’s largest ready-mixed concrete producer with a market share of 14.9% in Yunnan Province. The Company mainly produces and sells ready-mixed concrete products and related construction materials, as well as provides comprehensive concrete application solutions. It has become the first concrete producer in Yunnan Province to introduce modernized, scientific and environmentally-friendly manufacturing concepts into production and built an extensive production and sales network province-wide. The annual production capacity of the Company reached 21.27 MM cubic meters in 2018. With the strong background of its controlling shareholder and its own leading technical strength, GHPC is capable of providing green high-performance concrete for a number of key projects with high business barriers and strong profitability in Yunnan Province, among which over 1,000 large-scale projects have already been completed.

YCIH Green High-Performance Concrete will be the first newly listed H-share enterprise in the building materials industry in the past decade, the first listed company in the Hong Kong capital market with the main business of concrete and also the first company under Yunnan SASAC which has been listed successfully over the past four years. CICC serving as Sole Sponsor, Sole Global Coordinator and Sole Bookrunner in the offering, actively assisted the Company to promote the work of Hong Kong investors. CICC assisted the Company in introducing China Resources Cement and Zoomlion as cornerstone investors, covering a total of 40% of the offering size. The retail portion of HKPO was oversubscribed more than 18 times and the international tranche was more than two times oversubscribed at the upper end of the price range. A number of top-notch international funds were also attracted. Against the complex domestic and overseas market environment, CICC accurately seized the market window and successfully helped our client successful list on the main board of HKEX.

In the future, CICC will stay committed to our philosophy of Chinese roots and international reach, and utilize our extensive capital market experience as well as seamless domestic and overseas business network to introduce quality global investors to the clients, help our clients to access to the international capital market and promote the global business development.