www.163888.com_美高梅163888_美高梅官方网站

Investor Relations

Announces the Proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited

Addtime:2018-12-04From:YongSheng

(3 December 2018, Hong Kong) Ever Sunshine Lifestyle Services Group Limited (“Ever Sunshine Lifestyle Services” or the “Company”; together with its subsidiaries, the “Group”, SEHK stock code: 1995) announces today the details of the Global Offering (the “Global Offering”) of its shares and its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange of Hong Kong”).



Ever Sunshine Lifestyle Services will initially offer a total of 380,000,000 Shares (subject to the Over-allotment Option) (the “Offer Shares”), comprising an International Placing of 342,000,000 Shares (subject to reallocation and the Over-allotment Option) (the “International Placing”) and a Hong Kong Public Offering of 38,000,000 Shares (subject to reallocation) (the “Hong Kong Public Offering”), representing 90% and 10% of the total number of the Offer Shares, respectively. The Offer Price is expected to be no less than HK$1.60 per Offer Share and no more than HK$2.08 per Offer Share. The Over-allotment Option allows the issue of up to 57,000,000 Shares, representing 15% of the Offer Shares initially available under the Global Offering.

Haitong International Capital Limited is the Sole Sponsor while Haitong International Securities Company Limited is the Sole Global Coordinator of the listing. Haitong International Securities Company Limited, Guotai Junan Securities (Hong Kong) Limited and ABCI Capital Limited together are the Joint Bookrunners. Haitong International Securities Company Limited, Guotai Junan Securities (Hong Kong) Limited and ABCI Securities Company Limited together are the Joint Lead Managers. 

Assuming an Offer Price of HK$1.84 per Offer Share (being the mid-point of the Offer Price range), it is estimated that net proceeds of approximately HK$642.0 million will be received from the Global Offering after deducting related underwriting commissions and estimated expenses in connection with the Global Offering assuming the Over-allotment Option is not exercised. The Company intends to use the net proceeds for the following purposes:

? Approximately 55%, or HK$353.1 million, will be used to pursue strategic acquisition and investment opportunities;
? Approximately 26%, or HK$164.6 million, will be used to leverage the most updated internet and information technologies and build a smart community; 
? Approximately 9%, or HK$ 60.1 million, will be used to develop a one-stop service community platform and our “Joy Life” (悅生活) online service platform; and

? Approximately 10%, or HK$64.2 million, will be used for general corporate purposes and working capital.


Ever Sunshine Lifestyle Services is a reputable and fast-growing property management service provider in China. With over 15 years’ experience in providing property management services in China, the Group has built a reputable and trusted brand image through the offering of quality services and has the capabilities of preserving and enhancing the value of the customers’ properties under its management. 

According to China Index Academy (“CIA”), Ever Sunshine Lifestyle Services is one of the most fast-growing property management companies, ranking 7th, 11th and 5th* in terms of CAGRs from 2015 to 2017 for GFA under management, revenue and net profit, respectively, among the 2018 Top 100 Property Management Companies, and was put among the top 20 property management companies for the first time in 2018. 

The Group has three business lines, namely, property management services, value-added services to non-property owners and community value-added services, which form an integrated service offering to its customers and cover the entire value chain of property management. The Group’s business covers a wide spectrum of properties, including residential properties and non-residential properties such as office buildings, shopping malls, schools and government buildings. The Group’s major customers consist of property developers, property owners and residents for property management services, property developers for value-added services to non-property owners, and property owners and residents for community value-added services. The Group has expanded its geographic presence from Shanghai to 35 cities in China as of June 30, 2018. Additionally, as of 30 June 2018, the Group managed a total of 208 properties, was contracted to manage 56 properties that had not been delivered for property management, had a total GFA under management of approximately 32.1 million sq.m. and served more than 178,000 households. 

To ensure a consistent quality for its products and services, the Group has established a few brands and set up a series of standards for various product lines, which have also enhanced high customer satisfaction, strong customer loyalty and brand premium. For example, the Group introduced the brand “Bowyer Steward” (鉑悅管家) for high-end residential properties, “Yueze Commercial” (悅澤商辦) for commercial properties and office buildings, “Yueze Public” (悅澤公眾) for other non-residential properties such as government buildings and schools, “37°C Community” (37°C社區) for family-based residential communities, “UP Life” (UP增值服務體系) for community value-added services, “Community Caring System” (園區關照系统) for community and customer caring, as well as preliminary services and display unit management services to property developers. The Group believes that community value-added services are a strong growth engine in the foreseeable future.

The proven track record of business cooperation of Ever Sunshine Lifestyle Services with CIFI Group (SEHK stock code: 884) has helped the Group solidify its market position as a competitive and experienced property management service provider. According to CIA, CIFI Group was ranked 15th among the “2018 Top 100 Property Developers in China”. As of 31 December 2017, the total and attributable land bank of CIFI Group was 31.0 million sq.m. and 16.0 million sq.m., respectively. As of 31 December 2017, CIFI Group, its joint ventures and associated companies had over 120 property development projects under development or held for future development across 28 cities in China. The Group believes that its long-term and stable business relationship with CIFI Group will enable it to continue to benefit from its extensive and large project reserve, brand influence and credibility endorsement, providing robust drivers for the continuing growth of the property management portfolio.

Furthermore, the Group has been exploring cooperation opportunities with third-party property developers to better spur the market expansion. The Group believes that strategic cooperation with third-party property developers will further increase business scale, improve market coverage, enrich its product portfolio and expand its customer base.

In relation to opportunities arising from the growing property management market in China, Mr. Lin Zhong, Executive Director and Chairman of the Board of Ever Sunshine Lifestyle Services said, “We believe that the strength of our Company is built on our diversified portfolio of managed properties and services and strong service innovation capability, the support from CIFI Group and our strong business development capability. We will further increase our business scale and market share through both organic growth and strategic acquisitions and investments and continue to diversify our service offering and to enhance brand awareness. In addition, we will further invest in technologies and intelligent operations to improve service quality and operational efficiency. We believe that the listing of the Ever Sunshine Lifestyle Services on the Stock Exchange of Hong Kong will further enhance our corporate profile, credibility and competitiveness and establish a reliable and sustainable fund-raising platform for the Group to sustain the plans for rapid growth.”

The Hong Kong Public Offering is expected to commence at 9:00 am on 4 December 2018 (Tuesday) and is expected to close at 12:00 noon on 7 December 2018 (Friday). Allotment results are expected to be announced or published via various channels on 14 December 2018 (Friday). Dealings in Shares on the Stock Exchange of Hong Kong are expected to commence at 9:00 am on 17 December 2018 (Monday), with 1995 as the stock code. The Offer Price range is from HK$1.60 to HK$2.08 per Share, trading at 2,000 Shares per board lot.

WHITE Application Forms and prospectuses of the Company can be obtained from Haitong International Securities Company Limited and designated branches of Standard Chartered Bank (Hong Kong) Limited and Bank of Communications Co., Ltd. Hong Kong Branch. Applicants may also apply on-line via the designated White Form eIPO service provider at www.eipo.com.hk. Applicants can also use the YELLOW Application Forms or give electronic application instructions to Hong Kong Securities Clearing Company Limited to process their applications.

*Source: CIA. The ranking is based on several key factors such as management scale, operational performance, service quality and growth potential.

Prev:This is the first one.

Next:This is the last one.

XML 地图 | Sitemap 地图