Menu

Radiance Holdings Debuts in US$331 Million Hong Kong IPO

October 30, 2020

Hong Kong – Paul Hastings, a leading global law firm, announced today that it has advised ABCI Capital Limited, CLSA Capital Markets Limited and Haitong International Capital Limited as the joint sponsors on Radiance Holdings (Group) Company Limited’s US$331 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange.

Radiance Holdings is a reputable Chinese property developer, with a focus on providing residential properties for first-time homebuyers and upgraders. Proceeds from the listing will be used to finance the construction of property development projects, repay trust loans, support general business operations and fuel working capital.

With an industry-leading real estate practice and expertise in Hong Kong capital markets, Paul Hastings has recently represented some of the most significant Chinese property company listings in Hong Kong, including 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, Isabelle Wu, and Penny Chen, paralegal Jingwei Huang and China advisor Guozhen Wang.

 

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.