Sidley represented CIFI Ever Sunshine Services Group Limited (CIFI Ever Sunshine) (HKEX: 1995) in connection with its placing of existing shares and top-up subscription of new shares under general mandate. The net proceeds to be received by CIFI Ever Sunshine from subscription are estimated to be approximately HK$1.3 billion (US$168 million). The placing agents are J.P. Morgan Securities (Asia Pacific) Limited and CLSA Limited.
CIFI Ever Sunshine is a property management service provider in the P.R.C., and its business covers a wide spectrum of properties, including residential properties and non-residential properties such as office buildings, shopping malls, schools, and government buildings, and provides customers with access to quality tailored services.
The Hong Kong-based Sidley team was led by partner Sherlyn Lau, with support from senior associate Alex Chau and associate Libby Chau.