News from Futu News on April 19, this Tuesday $DOWELL SERVICE (02352.HK)$It was announced that it will issue 166.66 million shares from April 19 to April 22. The company plans to issue 16.6667 million shares, including a public sale of 1,6668 million shares and an international sale of 14.9999 million shares, with an issue price of HK$11.90-15.40 per share, and 200 shares per lot. It is expected to be listed on April 29.
Higashihara Hitoshi Service is a property management service provider with a long history, providing comprehensive services for many property projects in China. As of December 31, 2021, the company operated in two major regions of China (namely Southwest China and East China).
According to data from the China Index Research Institute, in 2021, the company ranked 52nd and 53rd in terms of total revenue generated in China in 2020 and total construction area under management in China in 2020, respectively.
As of December 31, 2021, the company has 325 property projects under management, including residential and non-residential properties, covering 51 cities in 16 provinces, autonomous regions and municipalities directly under the Central Government of China, with a total construction area of about 28.2 million square meters. Of these, 133 were residential properties and 192 were non-residential properties.
In terms of financial conditions, total revenue from 2019 to 2021 was RMB 559 million, 767 million yuan, 11 million yuan, respectively...