Han Kun's Hong Kong associated law firm advises on the listing of KWG Living Group Holdings Limited on the Main Board of the Hong Kong Stock Exchange
October, 2020 - Beijing, Mainland China
Han Kun's Hong Kong associated law firm acted as Hong Kong legal advisor to the joint sponsors and the underwriters in the initial public offering in Hong Kong and Regulation S offering by KWG Living Group Holdings Limited ("KWG Living", Stock Code: 3913). KWG Living offered an aggregate of 383,384,000 ordinary shares (prior to the exercise of the over-allotment option), which raised approximately HK$3.0 billion (US$390.3 million) in gross proceeds. The ordinary shares of KWG Living are listed on the Hong Kong Stock Exchange. ABCI Capital Limited and Huatai Financial Holdings (Hong Kong) Limited acted as joint sponsors. ABCI Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited, Credit Suisse (Hong Kong) Limited and Morgan Stanley Asia Limited acted as joint global coordinators.
KWG Living is a comprehensive property management service provider in China. In 2019, among the property management companies with commercial operational services, KWG Living was ranked seventh in China and fifth in the Greater Bay Area in terms of total GFA under management.
