Hengda Real Estate landing the Hong Kong stock market in March raised 1.5 billion US dollars

Hengda Real Estate preparation for the long-planned listing in Hong Kong will eventually be achieved at the end of March.
As early as the Spring Festival, market sources said there Hengda Real Estate has been listed by the Hong Kong Stock Exchange Master training, the IPO is expected to 2 billion shares, or 15% of the total equity. Another may be over-allotment of 1.5% stake in about 3 billion shares. Financing in the amount of more than 1.5 billion US dollars, about 11.7 billion to 15.6 billion between the Hong Kong dollar. Stock code (3333. HK). Time for listing is expected on March 28.
Super market is expected to Biguiyuan Hengda Real estate is the rich Hsu printed in 1997, founded by the company, has been 10 years of history, development in Guangzhou for the first large-scale residential real estate Jinbi Community Garden. Since its creation the company has maintained high-speed expansion, long thought into the capital market.
Earlier, Hengda has been the successful introduction of Temasek, Merrill Lynch, Deutsche Bank three strategic investors, and in 2007 successfully issued outside the company 500 million debt.
Sources said there is a market, Hengda 2007 in the nation in sales of 30 billion yuan, only equivalent to the current domestic-listed developers in the middle class.
However, according to Goldman Sachs estimates, Hengda 2007 profit of 1.021 billion yuan, excluding the value of the property revaluation core earnings for the 597 million yuan, an increase of 270%. But the 2008 outbreak of core earnings growth is estimated to reach 7.757 billion yuan.
Its listed Ruixin one of the sponsors of the study's assessment is, Hengda after listing in the valuation of 120.8 billion to 132.1 billion yuan between. The bank is based on the Hengda this year because there will be a huge property is completed, it will be its profit surged by 6.5 times to 9.26 billion yuan.
Hong Kong-funded property stocks to Biguiyuan (2007. HK) largest market, the latest market value of about 117.8 billion yuan, therefore, have the opportunity to replace the Hengda Biguiyuan status. At the same time, Hengda major shareholder and Chairman Hsu assets may be printed in more than 77.5 billion yuan, an opportunity to replace Biguiyuan Yang Yan of 67.7 billion yuan, becoming the richest man in the Mainland.
Scale and standardization bodies were favored reporters that Hengda in 2006 began the rapid expansion in the country, within a short span of two years, to the development of the country's 22 cities, from the more than 10 projects that extend to 48 projects. That, in 2008 Hengda area in the country to start in about 13 million square meters, is expected to achieve sales and the completion of the conditions of an area of 7.5 million square meters.
Land reserve, Hengda through mergers and acquisitions, including land auction reserve of about 40 million square meters of land, only slightly less than the "big landlords" Biguiyuan level. But informed sources, the plot Hengda majority concentrated in the urban areas better lot for the development of high-end properties. It is learnt that the 2007 Hengda's sale price in the sale of 12,000 yuan / square meters.
Earlier this month, Hengda to 4.1 billion yuan in Guangzhou to take CBD business district near the Zhujiang New City of a large area of residential plots, despite the fact that reached 13,000 yuan / sq m of floor premium let this move was risky questioned, but Hengda indicated that prices were not expected to reach its height, because the film before, the plot is expected to reach the floor premium 20,000 / square meters. It is understood that the Hengda development of the project will become Guangzhou in the bar end of the market.
Facing the Hong Kong stock market weakness, and the loan-to-influence by the United States, Hengda IPO which will be institutional and individual investors subscribe for shares, is still unknown. At present, the Hengda has been listed into the quiet period, the company's IPO, the company tight-lipped about the same from top to bottom.
But nearly Hengda informed sources, Hengda the core competitiveness of the future may be due to its superb ability to integrate and national standardized production. It was learned that from the supply of raw materials to the construction unit of the tender, Hengda have taken on large-scale centralized procurement or tender, 3 to 4% the level of the acquisition of raw materials, thus greatly reduce production costs.
In addition, the Hengda also carried out nationwide standardized production, significant savings planning, design and other costs. Hengda will be imprinted with the product to copy it into the city. Whether Guangzhou, Chengdu, Shenyang, Wuhan or, Hengda style consistent series of products, building materials decor are "across the board."
For a long time to enter the business 100% stake holders Hengda Hsu family, India, and a recent meeting with the media has said that its nearly 50 projects, half from the acquisitions. But it did not take a project with other companies. "We have basically a residential project owned. Unless ultra-high building, those offices can consider the introduction of strategic investors."
Here had died away, Hengda it came news that the United States has been quite an experience of high-rise project developers established a strategic and cooperative relations. Although the group did not reveal此番cooperation in specific projects. But there is a market source said, Hengda and the American company has been the target of Guangzhou in the forthcoming formal tender "East Tower."
Guangzhou as a sign of future construction, "things Twin Towers" in the West Tower has entered the construction phase. Sitarail tender two years ago when Hengda, has participated in the auction. 此番conspiracy East Tower, quite revival trend.
The Hengda common competition with the East Tower of the Hong Kong Sun Hung Kai Group. Years ago, the market news that Sun Hung Kai has been on the issue of cooperation Sitarail frequent contact with the Guangzhou Urban Construction Group. And Sun Hung Kai Properties executive director Suzhong strong Earlier in the "Business News" in an interview to express the great interest in the East Tower there. But now Sun Hung Kai "palace coup" on whether or not the incident will affect the planned investment in the mainland is still unclear.
At the same time, Hengda in Shanghai reached 10 billion a commercial project has already been implemented. There are signs that Hong Kong's stock market will be landing Hengda, has been deployed in the possession of the property do something. (Li Wei Zhang Yanhong Zhang)