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Haixi Pharmaceutical International Holdings Limited IPO

BlueMount Capital is pleased to announce that the Initial Public Offer for Haixi Pharmaceutical International Holdings Limited has opened for investors.

Haixi Pharmaceuticals Prospectus

Key IPO Details

  • Substantial increasing profits and assets with high margins
  • First Chinese pharmaceutical company  to be listed on the ASX
  • Long-standing brand recognition with 20 years history
  • High dividend payout ratio planned at 50% of NPAT, payable twice a year
  • Value investment at a P/E lower than sector average on ASX and HKEX
  • Plans to expand into the Australian market and intends to acquire or invest in Australian companies in the pharmaceutical sector
  • ​China is the worlds second largest market for pharmaceuticals

The Prospectus for the offer and a Company Presentation can be obtained via:

www.bluemountcapital.com/HXP

Open Date:  21 July 2017

Close Date: 27 October 2017

Minimum Investment A$ 2,000

Merger Brings Global Financial Network to Melbourne

Fast growing capital markets group BlueMount Capital has welcomed Melbourne-based corporate advisory and investment banking firm Kennedy Needham to the BlueMount Capital Group, establishing a presence in Melbourne to complement its Sydney, Brisbane, Perth and Shanghai offices. As part of the merger, Kennedy Needham will rebrand as BlueMount Capital.

The Chairman of BlueMount Capital Dr Saliba Sassine said: “On behalf of the whole BlueMount Group, I take this opportunity to welcome Kennedy Needham into our Group and we look forward to driving our business nationally and internationally with the Melbourne office.”

bluemount-melbourne-office-kennedy-needham-directors

Brent Needham, the executive Chairman of Kennedy Needham said “BlueMount Capital’s new combined offering will provide our clients with a stronger national presence and a global reach which Kennedy Needham could not go past.”

Co-Founder of BlueMount Capital, Mr Barry Palte, said the firm was attracted to Kennedy Needham because of its respected team of professionals, established relationships, 30 year successful transaction history and Melbourne base. Furthermore, the expanded network creates a major new player which is unique within Australia.

BlueMount Capital is the exclusive Australian member firm of the International Association of Investment Bankers (IAIB www.iaib.org), an international affiliation of investment banks.

Barry Palte, who is also global co-Chairman of IAIB, said: “The combined Group will be able to draw on a truly national and international network to deliver globally relevant solutions to its clients. With 10 IAIB member firms in North America, Europe, Asia and Australia, and current new member discussions in China, Japan, Korea and Brazil, our exclusive IAIB membership enables BlueMount Capital as a mid-sized national firm to provide agility and capability while offering genuine global reach and service to our clients.

“Melbourne plays an increasingly important role in a number of cross-border transactions we are working on and we needed the right partner to strengthen our leading market position. With this merger, BlueMount Capital will be able to offer Victorian businesses and investors more services, a stronger national presence, a truly global network and the rich experience of more than 40 experienced professionals operating in both Australia and China.”

BlueMount Capital was established in 2010 with Australian offices in Brisbane, Perth and Sydney. The Group has recently advised on transactions worth more than $1 billion. This includes China Dairy Corporation’s $300 million market capitalisation IPO; the sale of PinkBerry, one of the leading frozen yoghurt store chains in the world, together with a US based IAIB member; and the $69 million market capitalisation IPO of Boyuan, the first Chinese property developer to list on the Australian Stock Exchange. BlueMount Capital also advised one of China’s largest groups on its bids for State Super Financial Services and Greenstone Group, both of which had enterprise values in excess of $1billion.

Kennedy Needham is currently undertaking an equity raising of up to $200 million for Dairy Farm Investments. The firm recently acted as lead arranger in the corporate sale of Australian Wholefoods to Patties Foods/Pacific Equity Partners as well as the $35 million corporate sale of Popina Foods to ASX listed Freedom Foods Group.

For more details contact:

Kimberley Ramplin, Statecraft kimberley.ramplin@statecraft.com.au

BlueMount Attends Premier Li’s Visit to Sydney

Len McDowall representing BlueMount Capital was privileged to attend the welcome ceremony at the Westin Hotel to welcome Premier Li to Sydney.

Premier Li was welcomed by Australian Prime Minister Turnbull and many senior government ministers.

Australia and China found unprecedented common ground during Chinese Premier Li Keqiang’s visit to Australia this week.
Premier Li and Prime Minister Malcolm Turnbull are statesmen united in opposition to a common foe: trade protectionism. Addressing an economic forum in Sydney, neither mentioned the United States or President Donald Trump by name but the subtext was as clear as the symbolism.

With President Trump pledging to protect US business against foreign competition, Australia is being positioned as a partner in China’s opportunistic campaign to be seen as the new defender of globalisation and free trade champion of the world.

The Prime Minister told a ballroom packed with businesspeople and politicians at the Westin Hotel that “the cooperation between China and Australia showcases to the region and the world our determination to defend trade liberalisation and advocate the benefits of free trade.”

china-premier-li-meets-malcolm-turnbull

Premier Li Keqiang greets Prime Minister Malcolm Turnbull at the Australia China Economic and Trade Cooperation Forum in Sydney. Photo: Brendon Thorne

Premier Li, following Mr Turnbull at the podium, matched his rhetoric, then raised it. He said the China-Australia Free Trade Agreement (ChAFTA) would “show to our region and the world that free trade will deliver benefits to all human beings”.

“If China and Australia join hands they will not only bring benefits to the people, but also to the region, to show the world that … with the example of our co-operation, by working together we will move forward and promote greater progress of mankind.”

Mr Turnbull said he had spoken with Premier Li about working together to conclude the Regional Comprehensive Economic Partnership, the rival China-led 16-member initiative excluding the US which has usurped the TPP as the front runner for new free trade deals in the region.

Symbolism: Prime Minister Malcolm Turnbull and Premier Li are united in opposition to trade protectionism. Photo: Brendon Thorne

Symbolism: Prime Minister Malcolm Turnbull and Premier Li are united in opposition to trade protectionism. Photo: Brendon Thorne

According to Hugh White, professor of strategic studies at the ANU, this is how America’s long era of leadership in Asia comes to an end.
“As a result of Mr Trump’s approach, Australia will drift away from America and move closer to China,” he wrote in The New York Times. “That does not mean we Australians will become Beijing’s ally, but it does mean we will begin tacitly to acquiesce to China’s claims to regional leadership.”

“It is an opportunity for China to rhetorically and symbolically look like it is building closer relations with Australia and the US for the time being is on the outer,” said Merriden Varrall, director of the East Asia program at the Lowy Institute.

China is Australia’s largest trading partner with two way trade in 2015/16 valued at $150 billion. The headline deal of Premier Li’s visit allows unfettered access for Australian beef to the Chinese market which is expected expand exports of chilled beef especially from the current $1 billion worth

Nelson Resources appoints CPS Securities

The Nelson Resources Limited (the Company, ASX: NES) Board is pleased to advise that Nelson Resources Limited has today appointed CPS Capital Group Pty Ltd (“CPS”) as lead broker to raise $5,000,000 by the issue of 25,000,000 new shares at $0.20 each the offer closing on the 31st March 2017.

The appointment of CPS a highly successful broker in the resources sector as the lead broker will complement the lead Manager Blue Mount Capital.

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Nelson Resources Lodges Replacement Prospectus

The Nelson Resources Limited Board is pleased to advise that Nelson Resources Limited has lodged its Replacement Prospectus to raise $5,000,000 by the issue of 25,000,000 new shares at $0.20 each.

In 2016, the Company successfully raised $851,500 in seed capital. Its application for listing on the ASX has been accepted and Nelson Resources Limited is now recorded on the ASX upcoming floats section.

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ASX Rule Changes – A Summary

The Australian Securities Exchange (ASX) has just released their revised rule changes that will take effect from 19 December 2016.

We note that the changes have been modified to those originally proposed.

The key listing admission rule changes are:

  • Increasing the requirement for profit test entities to have consolidated profits for the 12 months prior to admission from $400,000 to $500,000
  • Increasing the net tangible assets test from $3 million to $4 million
  • Increasing the market capitalisation test from $10 million to $15 million
  • Introducing a 20% minimum free float requirement
  • A single tier spread test requiring at least 300 security holders each holding at least $2,000 of securities.
  • Requiring asset test entities to disclose to the market two full financial years of audited accounts and any significant entity or business that it has acquired in the 12 months prior to applying for admission or that it proposes to acquire in connection with its listing
  • Standardising the $1.5 million working capital requirement for those admitted under the assets test.

If you have any questions on the new rules or wish to discuss an IPO opportunity please email or phone us.