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Country Garden Services nets $250m from share sale

Chinese property manager Country Garden Services Holdings has pocketed HK$1.96bn ($249.9m) from a top-up placement of new shares.

  • By Jonathan Breen
  • 11 Jan 2019

The Hong Kong-listed issuer hit the market on Thursday following an 8.6% year-to-date climb in its stock price, coming out with an offer of 168.8m shares at HK$11.61 to HK$12 apiece. This valued the placement at up to HK$2.03bn, according to a stock exchange filing.

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 295.77 1 13.92%
2 JPMorgan 249.95 1 11.77%
3 Shenwan Hongyuan Securities Co Ltd 191.93 1 9.04%
4 CITIC Securities 176.43 2 8.31%
5 Bank of America Merrill Lynch 119.92 1 5.65%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 1,345.85 9 13.87%
2 Westpac 870.85 3 8.97%
3 Citi 655.35 5 6.75%
4 JPMorgan 568.81 4 5.86%
5 UBS 510.50 5 5.26%

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