“We are very pleased to welcome Huacheng Real Estate on to Alternext,” said Jean-François Théodore, Deputy CEO, NYSE Euronext. “After China Corn Oil two weeks ago, Huacheng Real Estate is the second Chinese company to be listed on NYSE Euronext’s European markets.
“The listing of Huacheng Real Estate represents a new milestone in our company’s history,” commented Hang Feilong, founder and Chairman, Huacheng Real Estate. “We are very happy with the success of this listing and want to thank every qualified investor. This listing will allow us to further accelerate the growth of our company, in order to achieve our stated objective: becoming one of the Top 50 Chinese real estate developers within the next 5 years and one of the Top 10 within 10 years.”
With about 260 employees the Group has realized a turnover of €35.1 million with a net result of €6.6 million during its fiscal year 2007 (
This listing is the 19th to take place on NYSE Euronext’s European markets since the beginning of the year, bringing the total amount of market capitalization represented by the companies listed to over €87 billion. Alternext now includes 122 listed companies, 8 of them from outside the Euronext area. Together, they have raised €1.61 billionand their total market capitalization stands at 5.3 billion euros.
About Huacheng Real Estate
Since 1985, The Huacheng Real Estate group, real estate promoter, operates on the multifamily housing market. The group is currently principally active in the
Huacheng Real Estate was granted a Grade I status, the highest status awarded by the Chinese Ministry of Construction, and is thus allowed to build the biggest real estate projects anywhere in
Huacheng’s objective is to rank among the 50 leading Chinese real estate promoters within five years. For more information about Huacheng Real Estate group, please visit www.huachengrealestate.com .
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, include the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions.
NYSE Euronext's nearly 4,000 listed companies represent a combined $30.5 trillion/€20.9 trillion in total global market capitalization (as of
About Invest Securities
INVEST SECURITIES is Huacheng Real Estate’s listing sponsor.
INVEST SECURITIES is an independent financial services company, and a full investment banking services provider that operates through two specialised entities : a Stockbroker, recognised as an Investment Services Provider (PSI) by the “ Banque de France” and the A.M.F. (Financial Market Authorities) and a member of NYSE Euronext, and a corporate services company dedicated to financial engineering for Small and Midcaps, which is also a EURONEXT ‘listing sponsor’, an AMF authorised ‘independent expert’, a recognized Equity Capital Markets and M&A transaction specialist. INVEST SECURITIES achieved 29 IPOs since July 2004 and raised more than 300 M€ for the year 2007. For more information about INVEST SECURITIES, please visit www.invest-securities.com
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Based on reference price of €12.5.
Including funds raised on the secondary market through capital increases and issuance of equity warrants, convertible bonds, etc.