With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei.
on August 13, 2020, China Evergrande (03333) announced the introduction of strategic investors for Evergrande property with a total cost of HK $23.5 billion.
according to the investment agreement, star shareholders of the investors gathered in this war. It includes independent third party Chen Kaiyun (a major shareholder), CITIC, Everbright Holdings and other large-scale central enterprises. In terms of investment funds, Yunfeng fund and Sequoia Capital, as well as Tencent, zhoudafu and other large enterprises.
among them, Chen Kaiyun contributed HK $4.5 billion; Tencent’s image architecture investment (Hong Kong) Co., Ltd. contributed HK $1.2 billion. Huatai international Dawan District Investment Co., Ltd. contributed HK $4 billion, Sequoia Capital Qixi fund SCC growth VI 2020 B, L.P. contributed HK $3.45 billion, and Chow Tai Fook contributed HK $500 million.
it is understood that the target company was wholly owned by the seller at the date of this announcement. The target company is an investment holding company. The target group is mainly engaged in providing: property management services for residential properties and other properties (including commercial properties), value-added services for non property owners and value-added services for property owners and residents. The after tax profits of the target group in 2018 and 2019 are about RMB 233 million and 9225 million respectively.
according to the announcement, after the Group restructuring, the target company will become the holding company of the group’s property management business. In this round of financing, the group introduced a number of well-known strategic investors for its property management business. This will enhance the corporate image and support the growth and development of property management business. The Group intends to use the proceeds from the sale for the daily operation of the group.