Lei Jianping reported on May 25
New Hope Services Holdings Limited ("New Hope") was listed on the Hong Kong Stock Exchange today at an issue price of HK$3.8, the lowest end of the offering range.
New Hope Services issued 200 million shares, raising a total of HK$760 million.
The cornerstone investors of New Hope's services are Neptune Investment Holdings Limited, Green Better Limited (GreenBetter) (Xiaomi Group), Peak Re Reinsurance Company Limited (Peak Re), China Sichuan International Investment Company Limited ("Sichuan International Investment"), Keltic Investment (HK) Limited and Golden Star International Pty Limited.
Neptune, Green Better, Peak Re, Sichuan International Investment, Keltic and Golden Star have subscribed for 30,631,000 shares, 10,213,000 shares, 10,210,000 shares, 20,394,000 shares, 18,947,000 shares and 10,210,000 shares respectively, for a total of 100 million shares, for a total subscription amount of HK$380 million.
This is also another listing platform owned by the Liu Yonghao family after New Hope, New Dairy, Huachuang Yang'an and Xingyuan Environment.
New Hope Service broke down today, and as of today, new hope service has a market value of HK$3.048 billion.
At the listing ceremony, Liu Yonghao, chairman of New Hope Group, said: "Property service is a long-term, simple cause, to make sustainable value stably, it is necessary to continuously improve community services and commercial operation capabilities, and truly become a people's livelihood service operator that can serve a better life for customers, a better life for the community, and a better life for the city."
Annual profit of over 100 million
New Hope Services provides property management services, non-owner value-added services, commercial operation services and business property leasing; lifestyle services.
According to the prospectus, the revenue of New Hope Service in 2018, 2019 and 2020 was 258 million yuan, 380 million yuan and 588 million yuan, respectively.
Among them, the revenue from property management services in 2020 was 190 million yuan, accounting for 32.3%; the income from non-owner value-added services was 168 million yuan, accounting for 28.6%;
New Hope Service's revenue from commercial operations in 2020 was 113 million yuan, accounting for 19.2%, and revenue from people's livelihood services was 117 million yuan, accounting for 19.9%.
The operating profit of New Hope Service in 2018, 2019 and 2020 was 52.04 million yuan, 79.58 million yuan and 135 million yuan respectively, and the profit during the period was 41.06 million, 64.04 million and 110 million yuan, respectively.
Liu Yonghao's father and daughter are the major shareholders
Executive Directors Ms. Wu Min and Ms. Chen Jing, Non-executive Directors are Ms. Zhang Minggui, Jiang Mengjun, Dong Li and Huang Kun, and Independent Non-executive Directors are Cao Qilin, Yin Liji and Li Zhengguo.
Under the Concerted Action Pact, Liu Yonghao and his daughter Liu Chang were trained by Golden Rose, Xinsheng, Adventure Way Pte. Ltd. and Medea Investments Limited control more than 30% of the voting rights at the Company's general meeting of shareholders.
As a result, Liu Yonghao, Liu Chang, Golden Rose, Xinsheng, Medea Investments Limited and Adventure Way Pte. Ltd. is the controlling shareholder of New Hope.
Before the IPO, Golden Rose held 90.8% of the shares. In addition, Cui Donghong holds 3% of the shares and the employee shareholding platform holds 6.2%.
Golden Rose is wholly owned by Sunshine and Sunshine is wholly owned by Sea Glory Developments Limited, a special purpose holding company owned by the Cathaya Trust trustees.
Cathaya Trust is an irrevocable discretionary trust in which liu Yonghao's family members are beneficiaries. The protector of Cathaya Trust is Adventure Way Pte. Ltd., which is controlled by Liu Yonghao and Liu Chang through Medea Investments Limited.
Liu Yonghao is considered to be the first generation of entrepreneurs in China, and at present, the rapid development of China's economy has also brought confusion to Liu Yonghao. Liu Yonghao once said, "Internet technology companies like Meituan have only been established for about 10 years, and their market value has already exceeded trillions." Our traditional enterprises have worked hard for 40 years, which is more than 200 billion. Behind this is "the ecological change that enterprises face."
"When we started a business, there was a serious shortage of market supply, as long as we dared to take risks, rely on diligence, rely on hard work, rely on hard work to do things, we have a high probability of success." Now the ecology facing enterprises has changed, most of the market is oversupplied, in the past relying on diligence, hard work, hard work that set is still right, but relying on these alone can not do. ”
Liu Yonghao believes that enterprises must now embrace technology, and for traditional enterprises, the most important thing is digital transformation.
Born in 1980, Liu Chang first acquired Singaporean citizenship in January 2012. LiuChang graduated from Peking University with a Master of Business Administration (EMBA) in 2009.
Liu Chang is a typical rich second generation, with typical rich second generation characteristics - studied, has an MBA degree, and has a brief history of entrepreneurship.
Liu Chang once said that when he was young, he liked fashionable and beautiful things, which was a very different concept from dirty pig troughs and feed, which was contrary to the way.
Liu Yonghao once said, "I took her to the farm, and she didn't want to go at all, saying it was too smelly." She liked to sing and wanted to be a singer, so I beat her down and said she wasn't good enough. ”
However, several years ago, Liu Yonghao let his daughter take over.
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