New stock news | Henan Gangtou City Operations starts sponsor bidding planning to list in Hong Kong

On August 29th, Henan Gangtou City Operations Management Co., Ltd. (hereinafter referred to as "Gangtou City Operations") announced the tender for the sponsor service project of its Hong Kong IPO listing. According to the tender announcement, in terms of performance requirements, bidders must have at least one Hong Kong IPO of a property management (or urban service) related enterprise as the exclusive sponsor for listing since January 1, 2021 (based on the successful issuance and listing of stocks), and provide performance contracts and proof of successful issuance and listing. Bidders intending to appoint a signature sponsor must have at least one project as the exclusive sponsor for listing in a Hong Kong IPO since January 1, 2021 (based on the successful issuance and listing of stocks) and provide performance contracts and proof of successful issuance and listing. In addition, the time to obtain the tender documents is from 9:00 on August 30, 2024 to 17:30 on September 22, 2024, and the deadline for submitting the tender documents is 9:00 on September 30, 2024. It is understood that Gangtou City Operations, formerly known as "Zhengzhou Airport Economic Zone Xing'an Property Management Co., Ltd." and "Zhengzhou Airport Economic Zone Xing'an Industry Co., Ltd.", is wholly owned by Henan Aviation Port Investment Group Co., Ltd. The business scope of Gangtou City Operations covers multiple areas including asset operation business: commercial, office buildings, affordable housing, apartments, hotels, etc., with 39 projects under management and a total area of over 1.3 million square meters. Property service projects: providing property services for commercial, residential, industrial park projects, with a total service area of approximately 1.0133 million square meters. Cultural and sports logistics business: providing diversified services such as cultural and sports center venue operation, procurement platform, vehicle rental, etc. The business volume continues to grow each year.