Hongyi Investment and Agricultural Banking International Financing SPAC Company Application for the listing of the Hong Kong Stock Exchange Focusing on medical health, consumption and green industry

Economic Observation Network reporter Li Huaqing also has a SPAC for the listing of the Hong Kong Stock Exchange.

On September 19th, the Hong Kong Stock Exchange disclosed the listing application materials of EVERESTACQUISITION CORPORATION (hereinafter referred to as "Event"). The sponsors were agricultural banking international and Citi.

Evereest is a special purpose acquisition company in the Cayman Islands, that is, SPAC, aiming to merge with one or more business business, shareholding, asset acquisition, share purchase, reorganization, or similar business merger.

Evereest's sponsors are Hony Partners Group and RMB International Financing.

Hongyi's investment history can be traced back to 2003. There are offices in Beijing, Shanghai, Shenzhen and Hong Kong. As of December 31, 2021, Hongyi's private equity asset management scale was about $ 10 billion. Since its establishment, Hongyi has invested more than 100 companies through multiple funds.

Hongyi pays attention to the medical and health and consumption field for a long time. The total amount of funds that Hongyi allocated in the field of medical and health is 1.2 billion US dollars. The types of companies invested include medicine, medical devices, biotechnology, hospital management and pharmacy chain companies. Important investment targets are stone medicine groups, pioneering pharmaceuticals, Tianjing Biological Biological Biological Biology , Full billion health and so on. In the past 18 years, Hongyi's total investment in the consumption field has exceeded 1.4 billion US dollars. The investment portfolio includes retail, catering, digital consumption, etc. The important investment targets include Jinjiang Hotel, Lemon Meng Films, byte beating, and Yixian e -commerce.

With the rise of the low -carbon economy, Hongyi also pays attention to green investment and invests in equity investment in the areas of new energy, energy conservation, intelligent and environmental protection. Important investment targets include Yingfeng Environment, Xin'ao shares, Lin Yang New Energy, etc.

Affected by Hongyi, EventEst's investment field will mainly focus on medical health, consumption and green industries. Evereest's main investment is in China.

"We believe that China has huge growth potential." Everest said in the listing materials that from 2015 to 2021, China's GDP's compound annual growth rate reached 8.2%, and the compound annual growth rate of GDP in the United States during the same period was only 4.0%. In 2021, China contributed about 18%of GDP worldwide.

In terms of another sponsorship, Agricultural Bank of China International Finance is a member of the Group of Agricultural Bank of China. It was established in Hong Kong in 2010. According to DEALOGIC's information, from September 16, 2018 to September 16, 2022, Agricultural Bank of China International Finance has participated in the first public offering transaction as a underwriter. Calculated, ranked third and sixth in all investment banks in Hong Kong. Agricultural Bank of China International Financing has participated in the first public offering of many star companies, such as Jingdong Health, Blue Moon, Xiaomi, Yumsung China, Meituan, Xiaopeng Automobile, etc.

It is worth pointing out that Evereest is one of the SPAC companies that are eager to log in to the Hong Kong Stock Exchange.

Since the Hong Kong Fair officially implemented the SPAC listing mechanism from January 1, 2022, Hong Kong, China has become another listing of the SPAC listing mechanism after the United States and Singapore. According to public information, only four SPAC companies are successfully listed on the Hong Kong Stock Exchange. In the first half of this year, 13 SPAC companies submitted their listing applications to the Hong Kong Stock Exchange.

Many Chinese investment institutions hope to be able to go public through the SPAC mechanism in Hong Kong and the Nuggets' new market. The Champions League of the President of the Hong Kong Exchange Group has stated: "The Hong Kong Exchange is committed to improving the international attraction, competitiveness and diversity of the Hong Kong market in China. The addition of the SPAC listing mechanism reflects our hard work to promote Hong Kong, Hong Kong, China as Asia's primary financing market as Asia's primary financing market. The reputation of consolidation as the leading international financial center in the world. We hope to allow experienced and reputable Spac to initiate characters, emerging and innovative industry companies through the introduction of the SPAC listing mechanism to allow some potential corporate new stars as mergers and acquisitions to acquire the goal of mergers and acquisitions. Strong growth and movement.

- END -