Vanke's spin-off of Wanwuyun's overseas listing was approved by the China Securities Regulatory Commission.

On the evening of July 18, Vanke A(SZ000002, share price 17.90 yuan, market value of 208.094 billion yuan) announced that Wanwuyun had received the "Reply on Approving the Initial Public Offering of Overseas Listed Foreign Shares (H Shares) of Wanwuyun Custody Technology Services Co., Ltd." from the China Securities Regulatory Commission (Securities Regulatory Permit [2020]

According to the reply, China Securities Regulatory Commission approved Wan Wuyun to issue no more than 65,438+080,503,206 overseas listed foreign shares, each with a par value of RMB 65,438+0 yuan, all of which are ordinary shares. After the completion of this issuance, Wanwuyun can be listed on the main board of the Hong Kong Stock Exchange. This reply is valid within 12 months from the date of reply.

Vanke said in the announcement that the spin-off of Wanwuyun's overseas listing still needs the approval of the Hong Kong Stock Exchange and the final decision of the company and Wanwuyun, and due to market conditions and other factors, there are still uncertainties in this matter.

In April this year, Wanwuyun submitted a prospectus on the Hong Kong Stock Exchange. According to the prospectus, in 20021year, Wanwuyun realized an operating income of 23.704 billion yuan, a year-on-year increase of 30.6%; Gross profit is about 4.02 billion yuan and net profit is about171400 million yuan.

In 20021year, the property management building area of Wanwuyun residential building was 660 million square meters, and the contracted building area was about 880 million square meters. As of 202 1, 65438+2,31,the construction area of commercial and residential properties managed by Wanwuyun is about 785 million square meters, involving 2823 residential properties.

For the purpose of IPO fundraising, Wanwuyun said in the prospectus that it will first be used to provide funds for creating a unique high-concentration block service strategy in selected streets, and expand the "Wanwuyun Street" model nationwide, aiming at expanding the business chassis, achieving economies of scale and creating new business opportunities.

Secondly, it will be used to invest in the development of AIoT and BPaaS solutions, aiming at making them have the ability to establish industrial Internet; Acquisition or investment in value-added service providers and service providers in upstream and downstream supply chains to be included in the Everything Cloud ecosystem; Some funds will be used to attract and train talents, as well as working capital and general enterprise purposes.