E-Star Commercial’s IPO


Sidley Austin LLP advised E-Star Commercial Management Company Limited on the deal.

E-Star Commercial Management Company Limited (HKEX: 6668) (E-Star Commercial) as Hong Kong counsel announced its initial public offering (IPO) and listing on the Main Board of the Stock Exchange of Hong Kong (HKEX). The offering has raised net proceeds of approximately HK$881.3 million (approximately US$115.1 million) before the exercise of over-allotment option. CCB International Capital Limited and China Securities (International) Corporate Finance Company Limited acted as joint sponsors in the transaction.

E-Star Commercial is a leading commercial property operational service provider in the Greater Bay Area with a national presence, ranked first in terms of the number of shopping centers in operation in Shenzhen, as of September 30, 2020.

The Sidley team on this IPO was led by partners Sherlyn Lau and Renee Xiong. Other team members included senior China advisor Linda Ruan; senior associate Jacob Zhao; senior legal manager Jacky Lei; associates Eric Hung and Hening Zhang; China advisor Jiefei Yao; and senior legal assistants Yaping Li and Chang Cong.

Involved fees earner: Eric Hung – Sidley Austin LLP; Sherlyn Lau – Sidley Austin LLP; Jacky Lei – Sidley Austin LLP; Linda Ruan – Sidley Austin LLP; Renee Xiong – Sidley Austin LLP; Jacob Zhao – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: E-Star Commercial Management Co Ltd;

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Author: Michael Patrini