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綠城中國(03900.HK)建議分拆綠城管理並於聯交所主板獨立上市
格隆匯 02-28 20:59

格隆匯2月28日丨綠城中國(03900.HK)公佈,公司建議分拆集團的代建業務並於聯交所主板獨立上市。於2020年2月28日,綠城管理向聯交所提交上市申請表格(A1表格),申請綠城管理股份於聯交所主板上市及批准買賣。

建議分拆將透過綠城管理股份的全球發售來進行。有關全球發售的詳情尚未落實。建議分拆完成後,現時預期綠城管理將繼續為公司的附屬公司,且公司將繼續將綠城管理的所有資產、負債和收益表項目合併入賬。

董事會認為分拆集團的業務已增長至足以進行獨立上市的規模,綠城管理股份取得獨立上市地位被視為在商業上有利且符合股東利益,理由如下:

(a)全球發售所得款項將可令分拆集團獲得額外資金以發展其代建業務;

(b)綠城管理的獨立上市將使投資者能夠評估及衡量分拆集團的代建業務明確獨立於母集團的物業開發業務的潛力及表現;

(c)由於分拆集團及母集團的業務擁有截然不同的成本結構及業務模式,因此預期建議分拆將使運營與管理明確區分,並促進專注於代建業務的專職管理;

(d)建議分拆後,綠城管理將成為一間在聯交所主板上市的公司,此舉將提升綠城管理的企業形象及品牌知名度;

(e)綠城管理將得以進行獨立估值,為投資者提供更多分拆集團經營業績的詳情,並將通過吸引正在尋求投資於以輕資產業務模式經營的代建公司的新投資者,擴大投資者基礎;

(f)於建議分拆完成後,綠城管理預期仍將為公司的附屬公司,而儘管綠城管理獨立上市,公司將因此可持續享有代建業務增長所帶來的利益。

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