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CCBI as the joint sponsor and joint lead manger of Shanshui Cement Listing

2008-07-01

CCBI as the joint sponsor and joint lead manger of China Shanshui Cement Group Limited's (“Shanshui Cement”) Listing As the joint sponsor and joint lead manager of Shanshui Cement's listing, CCBI assisted the company in its offer for subscription between June 20 and June 26 and its listing on the Hong Kong Stock Market on July 4. Shanshui Cement is the second largest producer of clinker and cement in China and the largest in Shangdong Province, in terms of both production and sales volume in 2007. After the acquisition at the end of last year, Shanshui Cement became the largest producer of clinker and cement in Liaoning Province. The company grew rapidly with the after-tax compound annual growth rate reached 42.4% from 2005 to 2007. The listing targets to raise a capital of over HK$1.8 billion. The offer price is HK$2.8 per share and the market capitalization is around HK$7.3 billion. CCBI, Morgan Stanley and Credit Suisse are the joint sponsors for the deal. The collaboration further strengthens CCBI's position as an investment bank. In view of the positive outlook of and strong confidence in Shangshui Cement, the direct investment division of CCBI acquired a shareholding of US$21.92 million in Shangshui Cement and invested US$98.08 million in its bonds. CCBI is actively establishing solid cooperation relationship with its clients. The branches in Shangdong and Hong Kong as well as CCBI joined hands to bring Shangshui Cement high-quality and comprehensive listing services locally and abroad, including investment banking and commercial banking services, capital market financing and credit market services. The all-rounded financial services delivered by CCBI help to create the greatest corporate values for its clients.

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