Boyuan IPO Offer Opens
BlueMount Capital is pleased to announce that the Initial Public Offer for Boyuan Holdings Limited has opened for investors.
Key IPO Details
- First Chinese property developer to be listed on ASX and part of the very large Jiayuan Group with substantial development experience
- FY2015 sales approx. A$20 million with NPAT approx. A$6.1 million
- Pre-IPO valuation of A$50 million and P/E of 8.19x
- Valuable real estate holdings in China together with properties in NSW and plan to become a large property developer in Australia post listing
- Company intends to pay dividends in FY2016
- Experienced board and management
- Audited by Deloitte
A copy of the Boyuan prospectus is available from the dedicated Boyuan IPO page.
Open Date: 12 September 2016
Close Date: 12 October 2016
Minimum Investment A$2,000