Hongfa Group (Australia) LTD (SSX Code: 8HF), or simply Hongfa Group (Australia) for short, was listed on Sydney Stock Exchange with over-raised fund, becoming the first Chinese property company landing on the market of Australia.
It is learned that SSX, formerly known as APX, officially changed its name into Sydney Stock Exchange on November 19th, 2015.
On the morning of 18th, Liu Jinhong, the president of Hongfa Group (Australia), and David Lawrence, the chief operating officer of SSX, struck the gong of the Stock Exchange, which marks the beginning of the listing ceremony. The president of AIMS Financial Group, Mr. Wang Renqing, the vice-president of SSX, Mr. Chen Guisheng, Consulate-general of China in Sydney, and Ms. Fu Xiao, the executive director of the AIMS in Greater China Region, as well as people of various circles attend the listing ceremony.
The offering price of Hongfa Group (Australia) is AUD$0.55 per share, and the closing price on the first day of trading is AUD$0.65 per share, with an growth rate of 18.18% on the first trading day.
Hongfa Group (Australia) is affiliated to Tianjin Hongfa Investment Group, which is established in 1993. With a total asset of RMB 10,000,000,000， the investment scope of Tianjin Hongfa Investment Group ranges from international trading, real estate, hotels and shopping malls to property management, and many other industries. On the listing ceremony, the president of Hongfa Group (Australia), Liu Jinhong, expressed that among all the business sectors of Hongfa Investment Group, the property management is a well-managed one, therefore, it is chosen to be landed on the Australian market. This is the first step to the Group Company’s internationalization, which makes a good beginning. In future, the company would inject more high-quality assets of the group company into this platform. Meanwhile, they will make use of this good opportunity of listing to look for promising projects and good partners in Australia, so that the company can expand its business and bring profitable returns for its investors and shareholders.
David Lawrence said: “SSX provides diversified investment channels for individuals and institutional investors of China and Australia, as well as a wide range of financing channels for growth-type enterprises in the two countries.”
While Ms. Fu Xiao, the executive director of the AIMS in Greater China Region, expressed that she hoped to see more Chinese enterprises to be listed on SSX. “It takes Hongfa Group (Australia) less than 10 months to be successfully listed on SSX. We will continuously embrace more excellent Chinese enterprises’ listing on SSX with our professional service and make them integrated with the global capital.”