CCB International Successfully Sponsors the Listing of GCL-Poly in Hong Kong

GCL-Poly, a large enterprise mainly engaged in renewable energy power generation on the Mainland, has been recently listed on the HKEx Main Board. CCB International has successfully arranged for the listing as a sponsor and an underwriter. The primary businesses of GCL-Poly are renewable energy power generation and thermo-electric plants on the mainland. The successful listing of GCL-Poly marks another achievement of CCB International in sponsoring IPOs on the HKEx Main Board. A total of around 288 million shares of GCL-Poly have been issued this time, with the P/E ratio being 62.4 times and the price of issue HK$4.1, raising funds of around HK$1.18 billion. Market interest in the investment invitation was very strong, with an oversubscription of 900 times recorded for public offering, making it the fourth most subscribed IPO project in Hong Kong this year. The listing is the eleventh IPO project that CCB International has completed in the Hong Kong market this year, following previous ones in which it served as a sponsor or underwriter for Taidi Property, China Citic Bank, Yintai Department Store, Fosun International, China Starch, etc. Besides, in the domain of corporate financing, CCB International has also completed four Post-IPO placement projects, two Pre-IPO private placement projects and seven financial consulting projects. During the process of the listing, Morgan Stanley and CCB International, both as sponsors, have worked together to provide the client with excellent support services. The successful completion of the listing is credited to the effective coordination and innovation between CCB's investment and commercial banking services, capital and credit market services as well as domestic and overseas environments.