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Sidley Represents Sellers in Placement of Existing Shares of Haidilao
May 7, 2020
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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.
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