Pine Care Group Limited’s HK$179 Million Initial Public Offering

Deacons has advised the sole sponsor Guotai Junan Capital Limited and the underwriters in relation to the Main Board IPO of Pine Care Group Limited in Hong Kong.

Pine Care is a leading operator of homes for the elderly offering a comprehensive range of residential care services. According to a market research report, in terms of revenue in 2015 Pine Care was the second largest private operator of these homes in Hong Kong

Pine Care published its IPO prospectus on 27 January 2017. The gross proceeds from the share offer to Pine Care and one of its controlling shareholders will amount approximately to HK$179 million (subject to exercise of the over-allotment option).

Pine Care will list on the Hong Kong Stock Exchange on 15 February 2017.

Deacons’ team is led by corporate finance partner Sabrina Fung (Picture).

Involved fees earner: Sabrina Fung – Deacons;

Law Firms: Deacons;

Clients: Guotai Junan Capital Limited;


Author: Michael Patrini