Jianzhong Construction Development Limited’s $33 Million Initial Public Offering
The company - a leading and fast-growing construction services provider based in Fujian Province - specialises in offering one-stop solutions in foundation works engaging in construction machinery, equipment and tools leasing services.
It also operates a sewage treatment plant and engages in the sales of construction materials and equipment and others. Its customers include reputable state-owned construction enterprises and real estate developers, such as CSCEC Strait Construction and Development Co., Ltd. (中建海峽建設發展有限公司), a subsidiary of one of the largest investment and construction groups in the PRC.
The company published its IPO prospectus on 29 February 2020, seeking to raise up to approximately HK$257.8 million.
Deacons had advised Jianzhong Construction Development Limited on its Main Board IPO. Their team was led by Ronny Chow and Gary Wong, Partners of the Corporate Finance Practice Group.