China Merchants Shekou plans preferential share offering to raise 8.2 bn yuan

China Merchants Shekou Industrial Zone Holdings Co. Ltd. announced a proposed issuance of up to 82 million preferential shares, each with a face value of 100 yuan, to raise up to 8.2 billion yuan. The offering will be a private placement to no more than 200 qualified investors. These preferential shares will feature a fixed dividend rate with a single jump adjustment, be cumulative, non-redeemable by investors, and non-convertible. Dividends will be paid annually in cash, with the first three years’ rate authorized by the shareholders' meeting and adjusted thereafter. The shares will not have a maturity date and will not be offered preferentially to existing shareholders.

The raised capital, after deducting issuance expenses, will primarily fund 11 "guaranteed delivery, people's livelihood" real estate projects in cities including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Xi'an, and Zhengzhou, covering construction costs. As of June 30, 2025, the company’s net assets were 27.89 billion yuan, and the asset-liability ratio was 67.86%, indicating a solid financial position to support the offering.