Sidley represented the sellers in connection with the placement of 47 million existing shares of Haidilao International Holding Ltd. (HKEX: 6862). The total transaction value is approximately HK$1.56 billion. Goldman Sachs (Asia) L.L.C. acts as the placing agent of the transaction.
Sidley advised Haidilao on its HK$7.56 billion initial public offering in September 2018 and has been acting as its Hong Kong legal adviser in relation to the company’s post-listing regulatory compliance since the listing.
Haidilao is a globally leading and fast-growing Chinese cuisine restaurant brand focusing on hot pot cuisine. Haidilao brand has become a phenomenon in Chinese cuisine that is synonymous with an unparalleled level of service and dining experience.
The Sidley team was led by partner Mengyu Lu, with support from counsel Angela Zhang and China advisor Chuanwen Wang.
