Guotai Junan International sponsors Changguang Chenxin's listing on the Main Board of HKEx
Guotai Junan International Sponsors Changguang Chenxin's Listing on the Main Board of HKEX
On April 17th, Guotai Junan International Holdings Limited ("Guotai Junan International", Stock Code: $GUOTAI JUNAN I(1788.HK)), a member company of the Guotai Haitong Group, as the Joint Sponsor, Overall Coordinator, Joint Global Coordinator, Joint Bookrunner, and Joint Lead Manager, successfully assisted Changchun Changguang Chenxin Microelectronics Co., Ltd. ("Changguang Chenxin", Stock Code: $GPIXEL(3277.HK)) in listing on the Main Board of the Hong Kong Stock Exchange. This listing not only marks Changguang Chenxin, as a global leader in the high-performance CMOS image sensor industry, entering the international capital market, but also fills a gap in the Hong Kong stock market for this scarce sector, providing investors with opportunities to benefit from the growth dividends of the semiconductor industry. It demonstrates Guotai Haitong's outstanding advantages in resource integration and cross-border capital synergy, as well as its exceptional ability to precisely empower the international development of advanced technology enterprises.
During the project, Guotai Junan International efficiently advanced key stages such as execution, hearing communication, global roadshows, pricing, and placement, assisting Changguang Chenxin in smoothly completing the entire process from application submission to successful listing. The final offering price was set at HKD 39.88 per share, with a total of 65,294,200 shares offered, raising approximately HKD 2.604 billion. The International Placement and Hong Kong Public Offering recorded enthusiastic subscriptions, with the International Placement oversubscribed by 22.7 times and the Hong Kong Public Offering oversubscribed by 1,138.2 times. This offering received significant support from 24 renowned cornerstone investors, including Hillhouse Capital, Boyu Capital, CPE, Greenwoods Asset Management, Source Code Capital, Yaron Investment, UBS Asset Management, Value Partners, Mirae Asset, Wells Fargo Fund Management, E Fund Management, ChinaAMC, ICBC Wealth Management, and other long-term Chinese and foreign funds. The cornerstone investors collectively subscribed to shares worth approximately HKD 1.301 billion, accounting for about 50.0% of the total offering, demonstrating the market's full recognition and strong confidence in the company's long-term value and providing solid support for stock price stability.
The successful completion of this project was attributed to Guotai Haitong fully leveraging its integrated domestic and international synergy advantages. Based on forward-looking insights into the semiconductor sub-sector and with professional services and efficient execution throughout the process, Guotai Haitong provided comprehensive capital market support and services for Changguang Chenxin, fully demonstrating its deep expertise and professional capabilities in serving cutting-edge technology enterprises.
In the future, Guotai Haitong will actively leverage its comprehensive financial service capabilities and domestic and international resource integration advantages to continuously empower Chinese high-tech enterprises in accessing international capital markets.
About Changguang Chenxin
Changguang Chenxin is a CMOS image sensor ("CIS") provider, consistently focusing on CIS R&D and offering nine major product series widely applicable in advanced technology fields such as industrial imaging, scientific imaging, professional imaging, and medical imaging. Its products play a crucial role in enhancing the performance and imaging quality of industrial cameras, scientific cameras, professional cinema cameras, and other imaging devices. According to Frost & Sullivan, in terms of 2024 industrial imaging revenue and scientific imaging revenue, the company ranked third globally and first among Chinese CIS companies, accounting for 15.2% and 16.3% of the global market share, respectively. Driven by technological innovation, the company focuses on CMOS image sensors, having built a proprietary technology moat through 14 years of innovation. Through its internal packaging and testing verification system and strategic expansion, it has achieved the development and integration of an independent industry chain and engages in comprehensive cooperation with a global customer network.
About Guotai Junan International
Guotai Junan International (Stock Code: $GUOTAI JUNAN I(1788.HK)), a subsidiary of the Guotai Haitong Group, is a pioneer and leader in the internationalization of Chinese securities firms. It was the first Chinese securities firm to list on the Main Board of the Hong Kong Stock Exchange via an IPO. With Hong Kong as its business base and subsidiaries in Singapore, Vietnam, and Macau, Guotai Junan International's business covers major global markets, providing clients with high-quality, diversified comprehensive financial services for overseas asset allocation. Its core businesses include wealth management, institutional investor services, corporate finance services, and investment management. Currently, Guotai Junan International has been assigned long-term issuer ratings of "Baa2" by Moody's and "BBB+" by Standard & Poor's, an MSCI ESG rating of "AAA", a Wind ESG rating of "A", and a SynTao Green Finance ESG rating of "A". Simultaneously, its S&P Global ESG Score leads 81% of its global peers. Its controlling shareholder, Guotai Haitong Securities (Stock Code: $Guotai Haitong(601211.CN)/2611.HK), is a leading comprehensive financial service provider in the Chinese capital market over the long term, consistently and comprehensively.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
