A-Living Services Co. Ltd. $525.5 Million Initial Public Offering


Sidley has advised A-Living Services Co. Ltd. (SEHK: 3319) (A-Living Services), the property management subsidiary of leading Chinese developer Agile Group Holdings Limited, in connection with its initial public offering (IPO) with the offer size of HK$4.1 billion (approximately US$525.5 million) on the Main Board of the Stock Exchange of Hong Kong Limited.

Upon the IPO, the market capitalization of A-Living Services was over HK$16 billion.

This matter was notable as the first H-share spinoff listing from a red chip-listed parent of a company engaged in the business of property management.

The Hong Kong-based Sidley team was led by partner Constance Choy (Picture), with support from partner Renee Xiong, counsel Hon Auyeung and Claudia Yu, senior China advisor Linda Ruan, associates Xiaoman Xu, Jacob Zhao, Julia Zhu and legal manager Jacky Lei.

Involved fees earner: Constance Choy – Sidley Austin LLP; Renee Xiong – Sidley Austin LLP; Hon Auyeung – Sidley Austin LLP; Claudia Yu – Sidley Austin LLP; Linda Ruan – Sidley Austin LLP; Xiaoman Xu – Sidley Austin LLP; Jacob Zhao – Sidley Austin LLP; Julia Zhu – Sidley Austin LLP; Jacky Lei – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: A-Living Services Co. Ltd.;

Avatar

Author: Michael Patrini