Strong demand for residential properties drives the potential for future development of property management

Rongwanjia Life Services Co., Ltd. (stock code: 2146. HK), a leading property developer in China, has successfully listed on the main board of the Hong Kong Stock Exchange. Bowei Global Securities served as the joint lead agent for the IPO of Rongwanjia, dedicating all efforts to assist Rongwanjia in successfully entering the international capital market.

This time, Rongwanjia sold a total of 94000000 shares globally, and was ultimately priced at 13.46 yuan per share, raising a net amount of 1.168 billion yuan. This IPO of Rongwanjia has gained high market recognition, with the Hong Kong public offering being oversubscribed by 5.62 times, and the international offering being moderately oversubscribed. The purpose of raising funds includes identifying strategic investment and acquisition opportunities, enriching the company's community value-added service portfolio, improving information infrastructure and promoting intelligent community management, as well as working capital and general corporate purposes.

Established in 2000, Rongwanjia is a comprehensive property management service provider under Rongsheng Development, providing diversified services through three main core businesses, including property management services, non owner value-added services, and community value-added services. As of June 2020, Rongwanjia's service scope spans 30 cities in 14 provinces, municipalities, and autonomous regions of China, managing a total of 272 property management projects with an area under management of 52.4 million square meters; Contract management of 380 property management projects, with a total contracted construction area of 80.6 million square meters, covering 53 cities in 19 provinces, municipalities, and autonomous regions of China.

Rongwanjia, rooted in the Bohai Rim Economic Circle and covering key areas such as the Yangtze River Delta and the Greater Bay Area, has been one of the top 100 Chinese property service enterprises ranked by the China Index Academy based on its comprehensive strength since 2012. In just a few years, it has risen to 19th place, laying a solid foundation and driving force for Rongwanjia's future growth.

As a diversified financial institution, Bowei Global Securities is committed to providing customers with highly innovative and professional financial services, fully utilizing its own advantages, assisting enterprises in various industries to expand their business territory, connect with the international capital market, and explore new development opportunities.