ABC International has won "2011 Best IPO” award in The Asset Triple A Awards 2011 organized by The Asset magazine. As one of Asia's most influential financial monthly magazines, the magazine hosts the AAA award annually, which is highly recognized and authoritative in the Asian region.
The following are some successful IPO underwriting projects completed by ABC International:
Assisting Xiwang Special Steel to list on the HKEx
As the joint bookrunner and lead manager, ABCI successfully assisted Xiwang Special Steel (Stock code: 1266.HK) to get listed on the HKEx on February 23, 2012. The listing raised a total of HK$1.3 billion and was the largest IPO in Hong Kong in the first two months of 2012.
Featuring the first mainland steelmaker to complete listing in Hong Kong in the past 10 years, Xiwang is an integrated steelmaker based in Shandong province. Its product mix consists of ordinary steel primarily for construction and infrastructure projects and special steel products used in a variety of applications, with an emphasis on the latter.
Assisting Beijing Jingneng Clean Energy to list on the HKEx
As the joint bookrunner and lead manager, ABCI successfully assisted Beijing Jingneng Clean Energy (Stock code: 0579.HK) to get listed on the HKEx on December 22, 2011. The listing raised a total of HK$1.9 billion. Jingneng is the largest gas-fired power provider and wind power operator in Beijing and has diversified clean energy business mix, including gas-fired power, wind power, hydropower, etc.
Assisting the first mainland brokerage’s H shares issuance
China's biggest brokerage CITIC Securities (Stock code: 6030.HK) issued H shares for IPO on the HKEx on October 6, 2011. ABCI acts as the joint book runner and lead manager of the listing.
Previously listed on the Shanghai Stock Exchange, CITIC Securities is a subsidiary of CITIC Group, which has strong background on the mainland. The investment banking department under CITIC Securities was the top underwriter for equity and debt offerings in China in 2010 while its asset management department ranked No.1 as measured by the scale of mutual funds between 2008 and 2010.
CITIC securities is the first mainland brokerage to be A+H share dually listed. During the issuance of its H shares, ABCI has established strategic partnership of cooperation with CITIC Securities, and assisted the brokerage to tap the international capital market along with other investment banks. Issuing a total of 995,300,000 shares, with 95% for international placing and 5% for public offering, at a price of HK $13.30 per share, CITIC Securities raised HK$13.2 billion and was the first Hong Kong initial public offering raising more than HK$10 billion in the latter half of 2011.