Sidley Austin LLP advised Roiserv Lifestyle Services Co., Ltd. on the deal.
Roiserv Lifestyle Services Co., Ltd. (HKEX:2146) (Roiserv) announced its initial public offering (IPO) and listing of H shares on the Main Board of the Stock Exchange of Hong Kong (HKEX). The offering has raised gross proceeds of approximately HK$1.27 billion (equivalent to approximately US$160 million) before the exercise of over-allotment option by the underwriters. Huatai Financial Holdings (Hong Kong) Limited acted as the sole sponsor in the transaction.
Roiserv is a comprehensive property management service provider deeply rooted in the Bohai Economic Rim with a service network across China strategically covering core geographical areas such as the Yangtze River Delta region and the Greater Bay Area. The listing will constitute a spin-off from RiseSun Real Estate Development Co., Ltd., one of Roiserv’s controlling shareholders and a joint stock company with limited liability listed on the Shenzhen Stock Exchange.
The Sidley team on this IPO was led by partners Sherlyn Lau (Picture) and Renee Xiong. Other team members included senior China advisor Linda Ruan; counsels Claudia Yu and Julia Zhu; associates Leonard Lou, Anne Cai, and Peter Liu; legal manager Jacky Lei; senior legal assistants Grace Hua and Chang Cong; and legal assistant Jianwen Wang.
Involved fees earner: Grace Hua – Sidley Austin LLP; Sherlyn Lau – Sidley Austin LLP; Jacky Lei – Sidley Austin LLP; Linda Ruan – Sidley Austin LLP; Renee Xiong – Sidley Austin LLP; Claudia Yu – Sidley Austin LLP; Julia Zhu – Sidley Austin LLP;
Law Firms: Sidley Austin LLP;
Clients: Roiserv Lifestyle Services Co., Ltd.;