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FACTBOX-Recent Hong Kong IPOs rely more heavily on cornerstone investors

June 24 (Reuters) - The leasing unit of China's state-owned
development bank launched an initial public offering to raise up
to $980 million in Hong Kong this week, securing commitments
from cornerstone investors for up to 78 percent of the deal.
 
    China Development Bank Financial Leasing Co Ltd
IPO-CDBL.HK tapped six investors, including Three Gorges
Capital, China Reinsurance (Group) Corp and the
overseas investment arm of China's southern Guangdong Province,
for 2.42 billion of the 3.1 billion shares initially offered in
the IPO. 
    Following is a list of the top 10 IPOs in Hong Kong over the
past year and the percentages that were bought by cornerstone
investors.
 IPO date    Issuer                 Proceeds   Cornerstone
                                    ($mln)     Tranche
 10/22/2015  China Huarong Asset     2,541.68           63.0%
             Management                        
 10/19/2015  China Reinsurance       2,115.54           52.0%
 06/22/2015  Legend Holdings Corp    1,975.43           48.1%
 03/21/2016  China Zheshang Bank     1,938.55           49.7%
 12/03/2015  China Energy            1,900.39           66.6%
             Engineering Corp                  
 08/01/2015  China Railway Signal    1,454.43           66.8%
             & Communication Corp              
 11/14/2015  Dali Foods Group        1,147.48           26.6%
 05/19/2016  BOC Aviation            1,125.80           51.8%
 03/20/2016  Bank of Tianjin           990.00           56.6%
 10/30/2015  China International       932.59           49.9%
             Capital Corp                      
 
 (Reporting by Elzio Barreto; Editing by Martin Howell)
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