《联合利华项目建议书》由会员分享，可在线阅读，更多相关《联合利华项目建议书（52页珍藏版）》请在金锄头文库上搜索。
1、April 19, 2002Strictly private & confidentialUnilever (China) LimitedA share market workshopPresentation to38503850AAR and CITICS Team Project Leader* Attendees of today,s workshopTony Mok Head of ABN AMRO Consumer Industries Group, AsiaInvestment Banking & CoverageHassan El Nahas*ABN AMRO Consumer
2、Industries Group, AsiaPan Muping* Chief Rep of N M RothschildJason Rynbeck Director of ABN AMRO Corporate Finance Consumer Group, AsiaECMProject LeaderPu Jian Board Director, Vice President of CITICSInvestment BankingRichard Heald* Joint CEO of AAR GlobalKola Luu* Head of AAR Greater ChinaXiaomei Li
3、u* AAR China TeamWang Changqing General Manager of Investment Banking, ShanghaiJoe Chen* Special assistant to the president of CITICSMao Yanmin* Senior Manager of Investment Banking, ShanghaiLiu Kebin* Senior Manager of Investment Banking, ShanghaiLiu Zhen Manager of Investment Banking, ShanghaiChan
4、g Liang* Manager of Investment Banking, Shanghai23850Table of contents1. Introduction to AAR and CITIC Securities 2. Update on domestic and international equity markets for China issues3. Valuation approach and pricing mechanism for A share IPOs and sector valuation in Asia 4. Update on foreign comp
5、any listing in A share market - Direct listing by MNCs and China5. A share listing procedure 6. Role of advisors Appendices:I. AAR credentialsII. Citic Securities CredentialsIII. Recent A share offering case studiesIV. Valuation of comparable companiesV. Comparison of A share market and Hong Kong ma
6、rket31. Introduction to ABN AMRO Rothschild (AAR) and CITIC Securities (CITICS)3850Introduction to ABN AMRO RothschildDrawing on the full financial resources of its parent groups, ABN AMRO Rothschild offers world class equity capital markets expertise4Amongst the worlds largest privately- owned bank
7、s436 offices in 27 countries4Established and highly regarded skills in handling merger and acquisition, corporate advisory, privatisation and project finance assignments4Strong specialist industry sector teams based world-wide4World-wide retail and wholesale banking operations employing over 109,000
8、 personnel4Group capital of EUR 34.0 billion. Total assets of EUR 597.4 billion4Membership of 47 stock exchanges world-wide including London, New York and NASDAQ4Over 880 equity research, sales and trading personnel4Dedicated equities distribution personnel located in the US to sell international of
9、ferings into the USEstablished corporate finance skills and relationshipsInvestment banking, capital strength and global equity distribution powerUnrivalled equity capital markets expertise+=4Top 5 European equity capital markets house4Top 10 international equity capital markets house4Over 160 dedic
10、ated equity capital markets specialists located in key regional centres globally4Established track record in key sectors and regions53850Strong rankings in the Q1 2002 bookrunner league tablesAAR teams continue to be active in the international equity capital marketsTop Bookrunners of European Equit
11、y Issues, Q1 2002Top Bookrunners and Joint Lead Managers of International Equity Issues, Q1 200263850No. 1 ranked in key European marketsTop Global Co-ordinators, European equity offerings, H2 2001Source Capital Data Bondware, global co-ordinator roles only, excludes rights issues and the domestic t
12、ranches of international offeringsIn H2 2001, ABN AMRO Rothschild was the No. 1 ranked Global Co-ordinator in European markets73850 AAR has pioneered and completed 30 transactions with total size of US$2,133m in ChinaHG / NMR / AAR Bookrunner in Chinas Equity & Equity Linked transactions since 1991P
13、ioneered B share IPO - China Southern GlassFirst H share CB - Qingling MotorsFirst GEM listing upgrade to HK main board with placement83850 ABN AMROs research strength in HK / China and Consumer sector Respected by investorsAAR has top tier Asian consumer research team to provide in-depth coverageJe
14、remy Sutch-Head of HK Research / Head of Consumer/RetailKalina Ip-Head of China & StrategyAnton Kwang - Properties Eddie Wong-Asian Chief EconomistCheuk Wan Fan-China Strategy & Red ChipsOsbert Tan-Airlines/Transport/LogisticsAndrew Leeming-Head of Asian BanksAdrian Fung -Utilities & Toll roadsMario
15、 Zhu-Electronics / ConsumersLiana Yung-Technology/ Internet/ SoftwareMichele Mak-Technology/HardwareIn addition to in-depth individual company analysis, the team also produces periodic publications 4 Daily flash notes 4 Weekly equity review 4 Quarterly sector, economic and strategy reportsThe HK/Chi
16、na team9Introduction to CITIC Securities Co., Ltd (CITICS)3850China International Trust & Investment Corporation (CITIC)CITIC Financing HoldingCITIC Industrial BankCITIC Ka Wah Bank CITIC Securities Co., LtdChangseng Fund managementCITIC Prudential Life InsuranceCITIC Chinas largest financing and investment group4CITIC Financing Holding ,which will hold all the financing subsidiaries in CITIC, is to be established soon4As of end of 2000total
