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Jinling Hotel IPO Was Popular Among Investors
On March 12th, 2007, with consent and ratification of Jinling Hotel Corporation's IPO from Securities Supervision Commission, Chairman Li Jianwei traveled to Beijing, Shenzhen and Shanghai with Jin Meicheng, Deputy General Manager of Jinling Hotel Corporation, Fei Zhibin, Director of Finance, Zhang Shengxin, Secretary of the Board, as well as Ning Ao, General Manager of Investment Department of Huatai Securities Co., Ltd (guarantor), Chen Gang, Deputy General Manager of Investment Department (2) of Huatai Securities Co., Ltd and Dong Hongyu, Industry Analyzer conducting roadshows to institutional investors. Over 230 people from 120 fund institutions, securities companies, financial companies, QFII as well as trust and investment companies attended these roadshows.
The roadshows lasted from 9am to 12am daily, including Chairman Li's presentation. Chairman Li provided a detailed introduction on Jinling Hotel Corporation's management, competitiveness, corporate culture, development strategy, expansion and planning projects based on funds generated through the stock market. Chairman Li highlighted the history of Jinling Hotel's growth and development. She said: Jinling people have devoted 24 years to building up their national brand name due to their sense of responsibility. Jinling has created a successful formula for managing luxury hotels by Chinese professionals, and has established their famous brand name blending Eastern style with international standards. Major factors addressing competition while leading to the acknowledgement and success of Jinling's brand name recognition includes: staff, culture, striving to constantly innovate, creating profitability while continuing to expand and exceptional location. The unparalleled Jinling culture, innovations, honesty and sense of responsibility has been impressive and duly noted by all.
During the Q&A time, Fund institutions repeatedly raised their hands posing 95% of their questions for Chairman Li. Their questions were pointed and direct focusing on all parts of Jinling Hotels & Resorts. Chairman Li remained poised and calm as she thoroughly and concisely answered questions to their satisfaction. Questions regarding future hotel plans appeared to be a strong focus for institutional investors. Chairman Li clarified this issue stating through capital operations, Jinling Hotel Corporation is expanding its management entity into luxury hotels and related hospitality industry chains to increase its scale consistently and internationally through cost-effective purchasing, equity participation, and solid perseverance. It will continue to be a world-class international hotel brand managed by Chinese professionals. Horizontally, Jinling will be expanding chain hotel properties and real estate, consistently and comprehensively addressing both short and long-term investment factors, maximizing Jinling Hotel’s brand name recognition, sharing resources between hotel management and real estate, diminishing investment risk factors/projections, enlarging properties and increasing competitiveness. Vertically, we intend to strengthen and coordinate partnerships with other entities such as GDS, international travel agencies, airline companies and banks, creating enhanced opportunities for increasing revenue and rapidly developing a firm foundation for all chain hotels under the Jinling brand.
The roadshows in three cities were warmly welcomed by institutional investors. At the end of the meetings fund managers, analysts and invest managers gathered together exchanging name cards, taking pictures, and exchanging information. The atmosphere was lively, warm and receptive.
In the afternoon of March 21st, Chairman Li and her entourage went to Shanghai Securities News Building conducting an online IPO roadshow for the Chinese Stock Website. In her welcoming speech, Chairman Li invited all friends to know Jinling, love Jinilng and invest in Jinilng. I beli