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Leading Holdings Prices Hong Kong IPO

December 11, 2020

Hong Kong – Paul Hastings, a leading global law firm, announced today that it has advised the sole sponsor and the underwriters on the US$182 million global offering and initial public offering of Leading Holdings Group Limited (Stock Code: 6999.HK) on the Main Board of the Hong Kong Stock Exchange. CCB International Capital Limited acted as the sole sponsor, sole global coordinator and joint bookrunner. CMB International Capital Limited, BOCOM International Securities Limited, Haitong International Securities Company Limited, Guotai Junan Securities (Hong Kong) Limited, CRIC Securities Company Limited, Yue Xiu Securities Company Limited, Sheng Yuan Securities Limited, ABCI Capital Limited and CMBC Securities Company Limited acted as the joint bookrunners.

Leading Holdings is a Sichuan-based property developer engaged in the development of residential and commercial property projects across China, with a primary focus on providing residential properties to home upgraders. In addition to residential properties, it also develops commercial properties, including office buildings, shopping blocks, commercial complexes and apartments, and operates hotels.

With an industry-leading real estate practice and expertise in Hong Kong capital markets, Paul Hastings has recently advised on some of the most significant Chinese property company listings in Hong Kong, including Radiance Holdings (Group) Company Limited, Dexin China Holdings Company LimitedMidea Real Estate Holding Limited, DaFa Properties Group Limited and Redsun Properties Group Limited.

The Paul Hastings team was led by Raymond Li, global partner and chair of Greater China, corporate partners Vincent Wang and Chaobo Fan, with support from associates Kelvin Chu and Phoebe Chow, trainee solicitor Kristy Wong, and legal manager Zhangmeng Lin.

 

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.