Sidley has advised Zhenro Properties Group Limited (Zhenro Properties) (HKEX: 6158) on its successful placement of existing shares and top-up subscription of 244.46 million new shares at the placing price of HK$4.95. Zhenro Properties has raised approximately US$155 million (equivalent to HK$12.1 billion) in this share placement.
Zhenro Properties Group Limited is a large comprehensive property developer in the P.R.C. focusing on residential properties and the development, operation and management of commercial and mixed-use properties.
The Sidley team was led by partner Sherlyn Lau, with support from senior associate Douglas Tsang and associate Alex Chau.