Two Real Estate Companies IPO in Hong Kong on Same Day
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 DaFa Properties was led by
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