On April 23, 2024, TianjinConstructionDevelopmentGroupCo., Ltd.（“TJCD”， stock code：02515.HK）was successfully listed on the Main Board of the Hong Kong Stock Exchange. TJCD issued a total of 53.95 million shares globally, of which 5.3960 million shares were offered in Hong Kong, and 48.5540 million shares were offered internationally, with a 15% over-allotment option at an issue price of HK$2.50 per share, raising the total proceeds of approximately HK$92.18 million.

 

TJCD, established in 2010, is a private group that provides comprehensive engineering construction services in Tianjin. According to its listing document, by 2022, TJCD would become one of only three companies among the 2,547 construction companies in Tianjin to have both petrochemical and highway engineering construction qualifications and the only private company to do so. The 2022 data showed that TJCD accounted for 0.1% of the engineering construction market in Tianjin. In municipal public works, it ranked fourth in revenue among private companies in Tianjin, occupying approximately 0.2% of the market share.

 

The IPO was solo sponsored by China Everbright Capital Limited;

 

KPMG is its auditor;

 

Tian Yuan Law Firm LLP is the Company's Hong Kong legal advisor; Jingtian & Gongcheng is the Company's China legal advisor;

 

Eric Chow & Co., in Association with Commerce & Finance Law Offices, is the sole sponsor's Hong Kong legal advisor; Commerce & Finance Law Offices is the sole sponsor's China legal advisor;

 

Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. as its industry advisor.