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02215 德信服務集團
Dexin Services Group
Listing Date2021/07/15
Listing Price3.060
 
Quote
Subscription Result
  • Subscription Rate
    3.08x
  • Guarantee One Lot Size
    2 lot
  • One Lot Success Rate
    75%
COMPANY PROFILE

Dexin Services Group is a comprehensive property management service provider in Zhejiang Province. Headquartered in Hangzhou, and deeply rooted in the Yangtze River Delta Region. In terms of GFA under management as of December 31 2020, it had a market share of approximately 3.7% among the Top 100 Property Management Companies in the PRC headquartered in Zhejiang Province.

The Group provides a wide range of services for both residential and non-residential properties through three business lines, namely, property management services, value-added services to non-property owners and community value-added services. Its close and extensive cooperation with Dexin Group, namely, Dexin China (02019) and its subsidiaries, has driven its development since inception.

As of December 31, 2020, the Group had 175 properties under management, including 69 properties developed by Dexin Group and its joint ventures and associates, with an aggregate GFA under management of 8.8 million sq.m., accounting for 35.1% of total GFA under management as of the same date, and 106 properties developed by independent third-party property developers with an aggregate GFA under management of 16.1 million sq.m., accounting for 64.9% of total GFA under management as of the same date.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureProperties
Major Business AreaChina
Websitewww.shengquanwuye.com
Board Lot1000
GLOBAL OFFERING
No. of Offer Shares250m shares
No. of International Offer Shares225m shares
No. of HK Offer Shares25.00m shares
Offer Price$2.66 - $3.44
Registrar & Transfer OfficeComputershare Hong Kong Investor Services
Stock Code2215
Sponsor(s)CCB International Capital Limited
Underwriter(s)CCB International Capital Limited; China Industrial Securities International Capital Limited; Zhongtai International Securities Limited; Vision Capital International Holdings Limited; Futu Securities International (Hong Kong) Limited; Valuable Capital Limited; I Win Securities Limited
TIME TABLE
Application PeriodJun 29 (Tue) - Noon, Jul 8 (Thu)
Price Determination DateOn or Before 5pm, Jul 8 (Thu)
Result Announcement DateOn or Before Jul 14 (Wed)
Dispatch of Shares and Refund ChequesOn or Before Jul 14 (Wed)
Dealings in Shares commence onJul 15, 2021. (Thu)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveHu Yiping (Chairman), Tang Junjie, Zhu Xiaoli
Independent Non-ExecutiveJia Shenghua, Rui Meng, Yang Xi
MAJOR SHAREHOLDERS
Director Hu Yiping52.92%
Kaibang International12.96%
Shen Yuehua5.34%
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
202020192018
Revenue692,319512,850397,833
Gross Profit235,757144,92695,119
Pre-Taxed Profit136,32167,89031,720
Attributable Profit for the period97,19049,39622,361
OFFER STATISTICS (HK$)
Offer Price$2.66 - $3.44
Capitalization$2,660m - $3,440m
Unaudited pro forma adj NAV / share$0.70 - $0.89
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $3.05, the net proceeds raised would be HK$694.9m, of which:
* $451.7m (65.0%) to expand business scale and market share through multiple channels ;
* $69.5m (10.0%) to diversify and expand service offerings ;
* $69.5m (10.0%) to invest in information technologies and internal management system ;
* $34.7m (5.0%) to improve human resource management ; and
* the balance of $69.5m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01417RIVERINE CHINAdown1.700-0.110-6.077%
01538ZHONG AO HOMEdown0.720-0.010-1.370%
01755S-ENJOY SERVICEup17.2000.5002.994%
01778COLOUR LIFEunchange2.5300.0000.000%
01895XINYUAN PMunchange2.0180.0000.000%
01941YE XING GROUPup0.8200.0303.797%
01995CIFI ES SERVICEup17.2800.4202.491%
02168KAISA PROSPERdown18.600-0.500-2.618%
02215DEXIN SER GROUPup3.3200.0100.302%
02669CHINA OVS PPTup7.2900.1502.101%
02869GREENTOWN SERup8.9700.0500.561%
03319A-LIVINGup29.9000.6502.222%
03662AOYUAN HEALTHYdown4.210-0.230-5.180%
06049POLY PPT SERup49.0000.5501.135%
06093HEVOL SERVICESunchange4.1300.0000.000%
06098CG SERVICESdown65.800-0.300-0.454%
06958ZHENRO SERVICESdown5.180-0.050-0.956%
09909POWERLONG CMup19.0600.2401.275%
09983CC NEW LIFEdown6.010-0.150-2.435%
15-min delayed, last updated: 22/10/2021 17:59
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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