Beijing Shanghai high speed railway officially launched the offering

China News Agency, Beijing, Dec. 25 (reporter Chen Kangliang) Beijing Shanghai High Speed Railway Co., Ltd. (hereinafter referred to as Beijing Shanghai high speed railway) released the IPO intention letter and other materials on Dec. 25, officially launching the IPO.

according to the information disclosed this time, the number of new shares to be publicly issued by Beijing Shanghai high speed railway is not more than 6.286 billion, with the proportion of issuance not more than 12.80%. All of them are new shares to be publicly issued, without transfer of old shares. After this issuance, the total share capital of Beijing Shanghai high speed railway is 49.106 billion shares. Offline and online stock subscription time is January 6, 2020.

according to the previously disclosed information, the funds raised by the Beijing Shanghai high speed railway will be used to acquire about 65% of the equity of Beijing Fuzhou Railway Passenger Dedicated Line Anhui Co., Ltd. after deducting the issuance fee. The purchase consideration is RMB 50 billion (the same below), and the difference between the purchase consideration and the raised capital is solved by self financing. The initial number of strategic allotment shares of the

Beijing Shanghai high speed railway is 3.143 billion shares, accounting for 50% of the number of shares issued this time. In terms of the selection of strategic investors, Beijing Shanghai high speed rail said that it will comprehensively determine the investors' qualifications and long-term strategic cooperation relationship with the issuer, mainly including: strategic investors with industrial coordination; important central enterprises, national funds and local government investment platforms with strategic mutual trust and long-term cooperation willingness with the issuer and willing to hold for a long time; Large market-oriented financial institutions, "belt and road" concept fund, etc. According to the public data of

, the Beijing Shanghai high-speed railway runs through three municipalities directly under the central government, namely Beijing, Tianjin and Shanghai, Hebei, Shandong, Anhui and Jiangsu, and connects the two economic zones of "Beijing Tianjin Hebei" and "Yangtze River Delta". The economic and social development level along the railway is high, which also promotes the high-speed railway to reap excellent economic benefits. According to the data previously disclosed by Beijing Shanghai high speed railway, the operating revenue of Beijing Shanghai high speed railway exceeded 30 billion yuan and the net profit exceeded 10 billion yuan in 2018. The head of China National Railway Group Co., Ltd., the actual controller of

Beijing Shanghai high speed railway, said that promoting the listing of Beijing Shanghai high speed railway will help China Railway Group to realize the capitalization of high-quality Railway Assets and equity securitization, promote China railway enterprises to vigorously develop the mixed ownership economy, promote the optimization and adjustment of capital structure, and promote the high-quality development of railway. (end)