Asia-Pacific Evaluation Helps Xinyuan Property Successfully Listed in Hong Kong!

2019year10month11day,Xinyuan Property Service Group Co., Ltd. successfully landed on the main board market of Hong Kong, the stock code isHK.01895During the listing process, the Asia-Pacific assessment provided Xinyuan Property with the overall value, financial derivatives, acquisition value allocation (PPA), and goodwill impairment test of the fair value assessment of comprehensive assets according to the requirements of international accounting standards.

 

Following the development of the real estate industry, the property management industry has also ushered in a period of development opportunities:2020yearThe scale of the national property management market exceeds1trillion,Of which the national property management area reached29.6billion square meters,Expected to2030The industry's potential market size is expected to exceed 20301.3Trillion yuan, compared with the current industry scale2More than double the growth space.

 

to2019year331day,Xinyuan Property has signed contracts to manage properties in35Cities including Zhengzhou, Jinan, Xi'an, Chengdu, Suzhou, Beijing and Shanghai. According to the information disclosed,on2018In terms of total annual revenue, Xinyuan Property ranked 33rd among Chinese property management companies. According to the relevant data of China Property Management Association, Shanghai Yiju Real Estate Research Institute and China Real Estate Evaluation Center, it is determined on the basis of (among others) the property management company’s managed building area, financial performance, owner satisfaction and the number of certification projects In terms of comprehensive index ratings,Xinyuan PropertyIn 2018,it ranked 12th among Chinese property management companies.

 

Xinyuan property listing project has been enthusiastically sought after by investors, This issue has been highly recognized by investors, and international placements and public offerings have been oversubscribed. Xinyuan PropertyIPOThe net proceeds will be approximately220million HKD;The company stated that the net proceeds were about60%,aboutHKD 130 million,Will be used to expand property management services, seek strategic acquisitions and investment opportunities; net proceeds approximately15%,aboutHK$33million,Will be used to expand the types of services provided by the value-added services business line; the net proceeds will be approximately15%,aboutHK$33million,Will be used to upgrade and develop its own information technology and intelligent systems; the net proceeds will be approximately10%,about22.1million HKD,It will be used to fund the company's working capital needs and other general corporate purposes.



Introduction to Asia Pacific


Asia Pacific Assessment Consulting Co., Ltd. (APA) is an international assessment consulting organization headquartered in Hong Kong. It mainly serves listed companies in the United States, Hong Kong and Mainland China.Asset evaluation, financial consulting, due diligence and financing M&A services.

 

The team has many experienced veterans, and the clients served cover various industries as well as domestic and international well-known enterprises.