Beijing and Hong Kong – Paul Hastings LLP, a leading global law firm, announced that the firm has acted in connection with two Hong Kong IPO transactions, with both companies listing today. The firm is advising Midea Real Estate Holding Limited (“Midea Real Estate”) on its US$392 million global offering and IPO on the Hong Kong Stock Exchange, and DaFa Properties Group Limited (“DaFa Properties”) on its US$107 million global offering and Hong Kong IPO.
Midea Real Estate is a large renowned national property developer in the PRC. BNP Paribas Securities (Asia) Limited and CLSA Capital Markets Limited acted as the joint sponsors, together with China International Capital Corporation Hong Kong Securities Limited and Morgan Stanley Asia Limited as the joint global coordinators for its listing.
DaFa Properties is an expanding property developer in the Yangtze River Delta Region focusing on development and sales of residential properties. CCB International was the sole sponsor and sole global coordinator for its listing.
The Paul Hastings team for IPO of Midea Real Estate was led by capital markets partners Nan Li and Zhaoyu Ren, with support from associates Kelvin Chu, Eric Wong, Gladys Tso and Yimin Tang.
The Paul Hastings team for IPO of DaFa Properties was led by Raymond Li, partner and Chair of Greater China, capital markets partners Nan Li, Zhaoyu Ren and Bonnie Yung, with support from associates Huiling Han and Anny Cheng.
Paul Hastings has worked on some of the most significant Chinese property company listings in Hong Kong in recent years, including Redsun Properties, China Vanke and Roshine China Holdings.
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.