Company News - 18 March 2018

AMTD completes HK exchange public listing for China Boqi Environmental

On 16 March 2016, China Boqi Environmental (Holding) Co., Ltd. a market leader among independent flue gas treatment services providers in China, successfully completed its IPO on the main board of the Hong Kong Exchange (“Boqi Environmental”, 2377.HK). AMTD Global Markets (“AMTD”) acted as the Joint Global Coordinator and Joint Bookrunner of the IPO.

AMTD Global Markets acted as the Joint Global Coordinator and Joint Bookrunner to support Boqi Environmental’s successful IPO
Frederic Lau, CEO of Capital Markets & Advisory of AMTD Group (right) and Zhijun Zeng, Vice Chairman of the Board, Executive Director and Chief Executive Officer of Boqi Environmental (left) at Boqi Environmental’s listing ceremony at Hong Kong Stock Exchange

Boqi Environmental is a market leader among independent flue gas treatment integrated services providers in China, and is among the first independent participants in the flue gas treatment industry in China. Boqi Environmental has achieved a leading market position in the flue gas treatment industry. In terms of cumulative installed capacity as of December 31, 2016, Boqi Environmental was the largest independent flue gas desulfurization EPC projects service provider for coal-fired power plants in China, and ranked among Top 3 in many other fields. Besides, Boqi Environmental is gradually expanding to other environmental protection and energy conservation businesses. It is actively developing sewage treatment, soil and solid waste treatment and the new business of non-electricity industry. Leveraging the implementation of the “Belt and Road” national strategy, Boqi Environmental has been expanding its services to Europe, South Asia, Latin America, Africa and Southeast Asia markets.

Frederic Lau, CEO of Capital Markets & Advisory of AMTD Group (right), Emily Shi, Head of Capital Markets & Advisory of AMTD Group (left) and Liquan Cheng, Chairman & Executive Director of Boqi Environmental (middle) at Boqi Environmental’s Listing Celebration Dinner
Frederic Lau, CEO of Capital Markets & Advisory (right) of AMTD Group, Emily Shi, Head of Capital Markets & Advisory of AMTD Group (left) and Zhijun Zeng, Vice Chairman of the Board, Executive Director and Chief Executive Officer of Boqi Environmental (middle) at Boqi Environmental’s Listing Celebration Dinner

Boqi Environmental’s global offering included 252 million shares with an issue price of HKD 2.40 and gross proceeds of USD 77 million. Boqi Environmental’s IPO was highly favoured by investors in Hong Kong. It had Yunnan Energy Investment as the cornerstone investor and received 5 times oversubscription.

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