Boyuan Holdings Limited IPO Closes Following Strong Demand
Boyuan Holdings Limited ASX:BHL
Boyuan Holdings Limited today announced the successful closure of its ASX IPO following solid demand from a broad range of investors raising A$18.6 million. At the offer price of A$0.20 per share, Boyuan will have a market capitalisation of approximately A$69 million.
BlueMount Capital was the lead advisor to Boyuan.
Commenting on the closing of the listing, the Chairman of Boyuan Holdings Limited, Dr Saliba Sassine, said: “The Board of Boyuan would like to take this opportunity to thank its supporters and shareholders in making the company’s IPO an outstanding success. We believe that Australia’s combination of a stable government, a strong housing sector and skilled workforce provide Boyuan & our investors with significant opportunities.” Final allocation and allotment of shares is now underway with trading expected to commence on 31 October 2016 under the ticker code BHL.
About Boyuan Holdings Limited
Boyuan Holdings Limited (“BHL”) conducts property development and management through its Chinese subsidiary (Jiaxing Boyuan Real Estate Development Co., Ltd) in Jiaxing, Zhejiang Province, China. It has recently completed the development of a mixed-use property complex, known as the Jiayuan Central Plaza Project, located in Jiaxing City, Zhejiang Province, China. BHL is currently focusing on future property development opportunities in Australia, in Marsden Park, the Hunter Valley and Austral NSW.
For more information on Boyuan Holdings Limited, visit: www.boyuan.com.au
About BlueMount Capital
BlueMount Capital is a licenced capital markets advisor with offices in Sydney, Brisbane and Perth and with representative offices in Shanghai, Beijing and Hong Kong. BlueMount as well as being involved in capital raisings and M&A is particularly active in listing foreign companies on the ASX where it has listed five Chinese and other foreign companies over the past 3 years.
For more information about BlueMount Capital:
Contact Len McDowall on +61 1300 70 70 10