Sidley advised Sichuan Languang Justbon Services Group Co., Ltd. (HKEX: 2606) as the Hong Kong and United States legal counsel in its global offering and listing of H-shares on the Main Board of The Stock Exchange of Hong Kong Limited. This offering raised net proceeds of HK$1.48 billion (approximately US$189 million) before the Over-allotment Option is exercised. This listing is also a spinoff from a Shanghai-listed company, Sichuan Languang Development Co., Ltd.
Sichuan Languang Justbon Services Group Co., Ltd. is a leading property management service provider in Southwest China and Sichuan Province.
The Sidley team was led by partners Sherlyn Lau and Renee Xiong, with support from senior China advisor Linda Ruan, counsel Claudia Yu, senior associate Julia Zhu, legal manager Jacky Lei, associates Anne Cai and Sean Gao and legal assistants Grace Hua and Luna Wang.
Sidley leads the HKIPO Hong Kong legal advisor league table on deal counts for Q1-Q3 2019.*
*RyanbenCapital 2019 HKIPO Hong Kong legal advisor league table
