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Trivia | Kan Naigui resigns as Executive Vice President of Sunshine City Jinmao Services offers approximately 101 million shares worldwide

Trivia | Kan Naigui resigns as Executive Vice President of Sunshine City Jinmao Services offers approximately 101 million shares worldwide

Kan Naigui resigned as Executive Vice President of Sunshine City

On the evening of March 9, Sunshine City Group Co., Ltd. issued an announcement of the resignation of senior executives.

Viewpoint New Media learned in the announcement that the Board of Directors of Sunshine City recently received the resignation report of Executive Vice President Mr. Kan Naigui. Mr. Kan Naigui applied to the Board of Directors of the Company for personal reasons to resign as executive vice president of the Company and did not hold any other position in the Company after his resignation.

As at the date of this announcement, Mr. Kan Naigui holds 928,900 shares of Sunshine City shares. After his resignation, the shares held by Mr. Kan Naigui will continue to be managed in accordance with the "Guidelines for the Self-Discipline Supervision of Listed Companies on the Shenzhen Stock Exchange No. 1 - Standardized Operation of Listed Companies on the Main Board", "Several Provisions on the Reduction of Shares by Shareholders and Directors and Supervisors of Listed Companies", and "Detailed Rules for the Implementation of the Reduction of Shares by Shareholders, Directors, Supervisors and Senior Management of Listed Companies on the Shenzhen Stock Exchange".

According to the data, Kan Naigui graduated from Chongqing University (formerly Chongqing Jianzhu University) with a master's degree and a qualification as a cost engineer.

Prior to joining Sunshine City, he worked for China Overseas and Shimao Real Estate, where from 2006 to 2011, Kan was the General Manager of the Division and the General Manager of Tianjin Company at China Overseas Real Estate Group Co., Ltd., where he was mainly responsible for program management and contract cost management.

In 2011, Kan Naigui joined Shimao Real Estate from the position of executive director and vice president, responsible for cost management and design management.

Jinmao Services offered approximately 101 million shares globally at a final offer price of HK$8.14 per share

On 9 March, China Jinmao Holdings Group Limited announced that Jinmao Services had published an announcement on its website and the SEHK website on 9 March 2022 regarding, among other things, the application and distribution of the global offering of Jinmao Services. The final offer price of JinMao Service Shares' global offering was HK$8.14 per share.

As Jin Mao Services has decided not to exercise the right to adjust the size of the offering in order to issue any additional shares under the Hong Kong Underwriting Agreement, China Jin Mao will not make any distribution adjustments. The total number of Jinmao Service Shares to be distributed to Eligible Shareholders under the distribution will maintain a total of approximately 191.7 million Jinmao Service Shares, and Eligible Shareholders will be allocated 1 Jinmao Service Shares for every 66.20 Shares held on record date.

Assuming that the Global Offering is completed in accordance with the expected schedule set out in the Prospectus, on Thursday, 10 March 2022, Jin Mao Services is expected to be listed on the Main Board of the Stock Exchange and Jin Mao Service Shares are expected to commence trading on the Main Board of the Stock Exchange at 9:00 a.m.

According to Viewpoint New Media, JinMao Services offered about 101 million shares globally, of which 10.142 million shares were offered in Hong Kong, 91.2695 million shares were offered internationally, and 15% of the over-allotment shares were provided; the final offer price has been set at HK$8.14 per offer share, 500 shares per lot of trading units; CICC and HSBC are co-sponsors.

The Hong Kong Offer Shares have been slightly oversubscribed, with a total of 3,879 valid applications for a total of 12.201 million Offer Shares, representing approximately 1.2 times the total number of Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering. The Shares offered under the International Offering have been slightly oversubscribed, equivalent to approximately 1.4 times the total number of Initially Available Offering Shares under the International Offering. Under the Cornerstone Investment Agreement, the number of Offer Shares to be subscribed by Cornerstone Investors has now been determined. Keltic has subscribed for 15.103 million shares, Kangli Elevator has subscribed for 12.162 million shares, Guangdong Keshun has subscribed for 7.5515 million shares, Fuhui Capital has subscribed for 30.2065 million shares and Qianhe Fund has subscribed for 14.377 million shares, for a total of 79.4 million offer shares.

Based on the offer price of HK$8.14 per share, the net proceeds from the global offering that JinMao Services will receive are estimated to be approximately HK$759.6 million, assuming that the over-allotment option is not exercised. Jinmao Services intends to use approximately 55% of the net proceeds to selectively identify strategic investment and acquisition opportunities for companies engaged in property management, urban operation services and/or community operations, and to expand the company's business scale and consolidate the company's leading industry position; about 22% will be used to upgrade the smart management service system and the development of the company's smart community and smart city solutions, with the aim of providing more convenience for the company's owners and residents. A higher quality of living experience and further improved cost-effectiveness of property management and urban operation services; about 13% will be used to further develop the company's community value-added services to diversify service offerings and enhance profitability; and about 10% will be used for working capital and general corporate purposes.

In the event of the exercise of the over-allotment option, JinMao Service will collect a net additional proceed of approximately HK$120.8 million for the 15,211,500 Offering Shares to be issued after the over-allotment is exercised.

China Airlines Trust may take over the Guangzhou Evergrande Sunshine Peninsula project in mid-March

On March 7, there was market news that AVIC Trust may take over Evergrande's Sunshine Peninsula project in guangzhou's Nansha Wanqingsha plate in the middle of this month.

Relevant sources broke the news that AVIC Trust was originally scheduled to take over the project in February, but because evergrande's equity in the project was partially frozen, the transaction was forced to be postponed to March.

According to the information checked by viewpoint new media, on February 18, Evergrande New Energy Automobile Investment Holding Group pledged 150,000 shares of Shentao Life Service to AVIC Trust Co., Ltd., the registration date was November 22, 2019, but the equity pledge was invalid. In addition, Evergrande Automobile Industrial Park Investment was executed to freeze 3.2 million shares, and the freezing of the subject Shentao Life Service Execution Notice Document Number (2021) Yue 0391 Enforcement Guarantee No. 1037.

These two pieces of information support this rumor to some extent, but may need to be confirmed by subsequent events.

It is reported that the Sunshine Peninsula project is developed by Shentao Life Service (Guangdong) Co., Ltd., a wholly-owned subsidiary of Evergrande Automobile Industrial Park Investment (Shenzhen) Group Co., Ltd., covering a total area of 230,000 square meters, and is a residential community integrating residential, commercial centers, office buildings, schools (kindergartens, primary schools), transportation hubs, ecological leisure activities and other formats.

There are a total of 40 high-rise residential buildings in the whole community, a total of 5022 households, covering about 72-117 square meters of two-bedroom to four-bedroom, divided into the first and second phases for sale and construction.

It was previously reported that on September 22, 2021, the Housing and Urban-Rural Development Bureau of Nansha District of Guangzhou Issued a Notice to pay all the income of the Evergrande Sunshine Peninsula Project to the government's special account for stability maintenance. The notice said that in order to effectively protect the rights and interests of buyers and ensure the continuous construction of the project, all income from the Evergrande Sunshine Peninsula project developed by Shentao Life Service (including all subsequent income such as the amount received and the purchase price and mortgage payment) is paid in full to the government stability maintenance custody special account.

Tencent Music won the Shenzhen Nanshan Houhai Commercial Land at a base price of 1.052 billion yuan to build a headquarters building

On March 9, a commercial land (T107-0096) was listed in Nanshan District, Shenzhen City, and sold in the afternoon. Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. and Tencent Music Entertainment (Shenzhen) Co., Ltd. will build digital headquarters such as mobile media at a reserve price of 1.052 billion yuan.

According to the previous views of the new media reports, according to the previous parcel transfer conditions, the land access industry is the development system for A0504 digital music, mobile media and other digital content products in the "Shenzhen Industrial Structure Adjustment Optimization and Industrial Orientation Catalogue (Revised in 2016)".

Viewpoint New Media learned that the plot is located on the southwest side of the intersection of Binhai Avenue and Keyuan Avenue in the central area of Houhai District, Nanshan District. According to the plan, the building volume ratio ≤ 10.31, and the total construction area included in the volume ratio does not exceed 70,000 square meters, of which 62,560 square meters for offices, 900 square meters for commercial, 4,200 square meters for canteens, 140 square meters for property service buildings, and 2,200 square meters for bus first and last stations. Underground garages, equipment rooms and public access are not counted in the far plot ratio.

This is Tencent's fourth headquarters plot in Shenzhen after Tencent Tower, Tencent Binhai Tower and Qianhai Da Chan Bay Island.

The scale of Foshan Qiandeng Lake Venture Capital Characteristic Town Fund has exceeded 151.2 billion yuan

On March 9, Qiandeng Lake Venture Capital Characteristic Town in Foshan, Guangdong Province, held the signing ceremony of key fund projects and the launching ceremony of the private fund management service platform.

Viewpoint New Media learned that 10 key funds such as Guangdong Minsheng Investment, IDG Capital and GAC Capital signed up to settle in, with a total scale of more than 12 billion yuan. Up to now, Qiandeng Lake Venture Capital Characteristic Town will gather 1133 private equity fund institutions, raising and investing funds of more than 151.2 billion yuan.

In addition, the actual investment of Qiandeng Lake Venture Capital Characteristic Town Fund institutions has reached a total of 79.4 billion yuan, and a total of 1106 projects have been invested, covering industries including the Internet, information service industry, biomedicine, environmental protection, new materials, semiconductors, high-end manufacturing and other industries, of which more than 25% of the projects are invested in local enterprises in Foshan.

It is understood that the private fund management and service platform of Qiandeng Lake Venture Capital Characteristic Town has been officially launched. Through the establishment of a risk monitoring system with big data and blockchain technology as the highlights, the platform has realized the comprehensive monitoring and evaluation of the quality of the private fund institutions to be settled, and the automatic identification and early warning functions of various risks of the private fund institutions that have been settled.

It is also reported that at the meeting, Guangdong Science and Technology Financial Group and the People's Government of Nanhai District also signed a strategic cooperation framework agreement. The two sides have cooperated to set up the Guangdong Green low-carbon industry fund, initiated the establishment of a green technology transformation fund in the qiandeng Lake venture capital characteristic town, and prepared to build the "Guangdong-Hong Kong-Macao Greater Bay Area Green Technology Bank Operating Entity" to promote the landing of the innovation platform.