Hong Kong IPO pipeline Jan 15
2008 Wah Kwong N.A. N.A. Cazenove 200-300
Shipping
(The company was established in 1952 by Chao Tsong-yea and is one
of Hong Kong’s oldest bulk and tanker shipping firms. It was
listed in Hong Kong in 1973, and delisted and taken private in
2000.)
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N.A. Chigo N.A. N.A. BNP 100-150
Air-Conditioning
(The Foshan-based firm plans to raise US$150 million in a Hong
Kong listing.)
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N.A. China Jin Mao N.A. N.A. N.A. N.A.
Group Co.
(Shanghai-based China Jin Mao Group Co. is considering a mainland
or Hong Kong IPO.)
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2008 Hengda Real N.A. N.A. Goldman Sachs 1,000-2,000
Estate Merrill Lynch
Credit Suisse
(In January, Merrill Lynch, Deutsche Bank (DBKGn.DE: Quote, Profile, Research) and
Singapore state investment agency Temasek Holdings [TEM.UL]
invested $400 million in Hengda as strategic investors, the
official Shanghai Securities News said.
_________________________________________________________________
2008 Star River N.A. N.A. UBS 800-1,000
Group Morgan Stanley
(The Guangzhou-based firm, which focuses on high-end residential
property, plans to list in the first half of 2008.)
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2008 Wharf REIT N.A. N.A. Merrill 400
UBS
(Wharf (Holdings) Ltd. (0004.HK: Quote, Profile, Research) and parent firm Wheelock %26amp; Co.
(0020.HK: Quote, Profile, Research) plan to raise about US$400 million in a property trust
listing. The REIT on offer consists of office, retail and
industrial real estate, including Lane Crawford House.)
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2008 Sun Hung Kai N.A. N.A. HSBC 400
REIT Morgan Stanley
(Hong Kong property developer Sun Hung Kai Properties Ltd.
(0016.HK: Quote, Profile, Research) delayed the listing of its property trust due to weak
market conditions.)
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2008 Tianshan N.A. N.A. Guotai 50
Property Junan
(Hebei-based Tianshan Property reported revenue of 510 million
yuan ($68.8 million) and net profit of 110 million yuan in
2005.)
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2008 Pingdingshan N.A. N.A. N.A. N.A.
Coal Co. Ltd.
(The firm, based in China’s central Henan province, said it plans
a listing in Hong Kong this year.)
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N.A. Gum Holdings N.A N.A. N.A. 200
(Gum Holdings, a holding company of the world’s largest gum maker
Deosen Corp., in which Warburg Pincus bought 30 percent through a
US$181 million leverage buyout, plans to raise US$200 million in
a Hong Kong listing in the second half of 2007.)
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2008 SAIC N.A. N.A. BOCI 2,000-3,000
Motor Corp. Deutsche
Merrill
M.Stanley
(SAIC Motor Corp., formerly known as Shanghai Automotive Industry
(Group) Corp., was eyeing a listing in Hong Kong, and perhaps
also the domestic market, said president Chen Hong. SAIC expects
its auto sales volume to grow at least 10 percent this year. SAIC
Motor holds a 70 percent stake in Shanghai Automotive Co. Ltd.
(600104.SS: Quote, Profile, Research) and its partners include General Motors (GM.N: Quote, Profile, Research) and
Volkswagen AG (VOWG.DE: Quote, Profile, Research).)
_______________________________________________________________
2008 Ningbo Port N.A. N.A. Credit Suisse 2,000
JP Morgan
BOC International
(The company, which operates a port in the thriving eastern
Chinese city of Ningbo, plans a dual Hong Kong and Shanghai
listing.)
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2008 Guangzhou N.A. N.A. JP Morgan 800-1,000
Automobile CICC
Industry GroupCo. Lehman Brothers
(Guangzhou Auto is China’s No. 7 carmaker by sales.)
_______________________________________________________________
2008 China Southern N.A. N.A. N.A. 500
Auto Holdings
(China Southern Auto, which has taken over parent firm Chongqing
Changan Automobile’s 52 percent stake in Changan Auto, hoped to
list on the Hong Kong bourse after the reform of non-tradable
shares. Yin Jiaxu, chief executive of China Southern Auto, said
a Hong Kong listing would help expand its scale.)
_______________________________________________________________
2008 Beijing Auto N.A. N.A. N.A. 600
(Beijing Auto has a joint venture with South Korea’s Hyundai
Motor Co. (005380.KS: Quote, Profile, Research) to make mid-range sedans such as the
Elantra and Sonata and another tie-up with DaimlerChrysler
DCXGn.DE to produce high-end sedans such as the Benz.)
_______________________________________________________________
N.A. VcanLand N.A. N.A. JPMorgan 1,300
Real Estate
(Chinese industrial conglomerate VcanLand Group, based in the
northern city of Tianjin, told Reuters it plans to float its
property arm. VcanLand recently struck a joint venture with
China-focused private equity firm Prax Capital.)
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N.A. Galaxy Waldo N.A. N.A. BNP 200
(Galaxy Waldo Casino and Hotel owns the property housing the
Galaxy casino in Macau.)
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N.A. First Auto Works N.A. N.A. N.A. N.A.
(The firm, China’s largest vehicle maker and a partner of
Volkswagen AG (VOWG.DE: Quote, Profile, Research), said in Nov. 2006 that it was eyeing an
overseas listing within the next five years. The firm is also a
partner of Mazda Motor Corp. (7261.T: Quote, Profile, Research) and Toyota Motor Co.
(7203.T: Quote, Profile, Research))
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N.A. Shenzhen Bus N.A. N.A. N.A. 100
Group
(Shenzhen Bus Group, in which Hong Kong’s Transport International
Holdings Ltd. holds a 35 percent stake, plans a Hong Kong
offering in 2007. The firm has a network of 124 routes and
a fleet of 3,500 vehicles including buses, minibuses and taxis.)
_______________________________________________________________
2008 Guangzhou N.A. N.A. N.A. 500-750
Port Group
(The operator of China’s No. 3 cargo port plans to raise as much
as US$750 million in Hong Kong before seeking a domestic listing,
the South China Morning Post reported on Jan. 29.)
_______________________________________________________________
2008 Excellence Group N.A. N.A. UBS 1,500
Morgan Stanley
(Excellence is a property developer based in the Chinese city of
Shenzhen.)
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2008 ITAT Group Ltd. N.A. N.A. Goldman Sachs 1,000
Morgan Stanley
Merrill Lynch
Deutsche Bank
(Chinese retailer ITAT, partly owned by a unit of Morgan Stanley
(MS.N: Quote, Profile, Research), sells apparel, shoes and accessories under various brands
through its membership stores in 25 Chinese provinces. The
company plans to triple the unmber of its outlets to 1,620 by the
end of 2008 from 516 currently.)
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2008 Longhu Real Estate N.A. N.A. UBS 1,000
Morgan Stanley
(The real estate developer, based in the western Chinese city of
Chongqing, plans to sell about 25 percent of the company.)
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($1=7.4117 yuan)
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