Sidley were legal advisers to CCB International Capital Limited as sole sponsor to the listing and sole global coordinator to the offering, together with CMB International Capital Limited, First Capital Securities Limited, Yuanyin Securities Limited, SSIF Securities Limited, Head & Shoulders Securities Limited and Pacific Foundation Securities Limited as underwriters.
DaFa Properties Group Limited (HKEX: 6111) (DaFa Properties) was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited.
The global offering was priced at HK$ 4.2 per share (being the higher end of the offer price range of HK$ 3.28 to 4.98) and raised HK$840 million (approximately US$107.7 million) before “Green Shoes” option.
DaFa Properties is an expanding real estate developer in the Yangtze River Delta region focusing on the development and sales of residential properties.
The Sidley team was led by partners Sherlyn Lau (Picture) and Renee Xiong, with support from counsel Claudia Yu, associates Lindsay Gao, Anita Wu and Alex Yiu, as well as legal manager Alice Lai.
Involved fees earner: Sherlyn Lau – Sidley Austin LLP; Renee Xiong – Sidley Austin LLP; Claudia Yu – Sidley Austin LLP; Lindsay Gao – Sidley Austin LLP; Anita Wu – Sidley Austin LLP; Alex Yiu – Sidley Austin LLP;
Law Firms: Sidley Austin LLP;