The successful acquisition of "Peony" project of Chong Hing Bank by the Group, recently won two successive heavyweight annual trading international awards.Among them, the "Finance Achievement Award" awarded by the magazine ofFinanceAsiais known as "Oscar" in Asian capital market. Due to the great influence of the award and fierce competition, many figures from Asian financial circle and capital market consider it as the highest honor in the industry to win the award with the transaction involved then.This is also the first time that the capital operation project of Yuexiu Group receives the award, in the list with Alibaba and other projects, which further highlights the high evaluation of the transaction and full affirmation of the Group’s capital operation capability by international capital market.Finance in Asiais headquartered in Hong Kong, which is one of Asia's most authoritative financial media.
FinanceAsiaselects the most influential trading in capital market withinAsiaannually, which is warmly concerned by investment banks and capital market, and is considered to be the "benchmark" of the year's most successful project of capital operation. In 2014, the acquisition of Chong Hing Bank by Yuexiu Group came to the fore in the fierce competition, winning this year's "Achievement Awards - Best FIG Deal”.Winners of the 2014 award also include Alibaba IPO, Singapore OCBC’s acquisition of Wing Hang Bank and other transactions.
FinanceAsiain its December issue, praised many highlights in Yuexiu Group’s acquisition of Chong Hing Bank, pointing out that the transaction was the first acquisition of Hong Kong commercial bank by non-bank finance institution for 27 years inHong Kong.Yuexiu Group and its financial advisors successfully dispelled the concerns of Hong Kong bank regulatory institution, which was the first listed company inHong Kongthat obtains approval by the regulatory institution for partial tender offer of 75% stock equity.The transaction has also overcome many complexes, including that the acquisition involves two levels of listed corporate structures (Liu Chong Hing Investment Limited and Chong Hing Bank), as well as the transfer of Chong Hing Bank Centre property and distribution of special dividend. The magazine also pointed out, Yuexiu Group’s successful acquisition of Chong Hing Bank, to some extent, has "paved the way" for the subsequent acquisition of Wing Hang Bank by Singapore OCBC.
(Report of “Peony” project byFinanceAsiain December)
One of Hong Kong's most influential financial magazine-The Assetalso recently announced the winners of 2014 annualAsiatrading award. The “Peony" project won the award of "Best Deals - Most Innovative Deal”.
The Assethas been founded for about 15 years, which is a famous English finance magazine in Asia andHong Kong.The AssetAnnual Asia Trading Award is assessed by the Editorial Board, with great influence in Asian financial sector. Winners ofThe Asset2014 annual awards also include overseas issuance of $ 6.5 billion of preferred stock by Bank of China, the issuance of 2 billion yuan bonds inLondonby China Development Bank and other tradings.
(List of winners published byThe Asset)
In February 2014, Yuexiu Group successfully completed the acquisition of 75% stock equity of Chong Hing Bank, becoming the holding shareholder of Chong Hing Bank, which is the first acquisition of local bank by non-bank finance institution in Hong Kong for 27 years, the mainland's first overseas bank acquisition done by local state-owned enterprise, and the largest overseas acquisition in Guangzhou since the reform and opening-up, and was named 2013 top ten Hong Kong economic news and 2013 China's top ten acquisitions, with profound impact at home and abroad. The "Peony" project gets two annual international awards in capital market, further showing the high praise and appreciation of the transaction by international capital market.
