Ganglong China Property Group Limited (Ganglong China Property, stock code: 06968.HK) completed its IPO on the Main Board of the Hong Kong Stock Exchange on July 15, 2020. Ganglong China Property issued 400,000,000 shares (excluding over-allotment option) under the global offering with a price of HKD 3.93 per share and raised a net of approximate HKD 1.469 billion.
Ganglong China Property is an established property developer in the Yangtze River Delta Region. The company focuses on the development and sales of properties, predominantly for residential use, mixed with accompanying ancillary facilities, such as retail units, car parks and ancillary areas. Headquartered in Shanghai, and adhering to our core values of “striving for innovation, building with integrity,” the company has built an excellent reputation in its core markets. At present, it operates in a number of cities in the provinces of Jiangsu and Zhejiang and is now growing in first-tier cities like Shanghai and other major cities in Henan and Guizhou provinces.
As the legal counsel for Ganglong China Property’s offering, Jingtian & Gongcheng legal team provided one-stop, end-to-end legal services including due diligence, legal opinions and responding to regulatory requests throughout its offering process.
Sino-Entertainment Technology Holdings Co., Ltd. (Sino-Entertainment Holdings, stock code: 06933.HK) completed its IPO on the Main Board of the Hong Kong Stock Exchange on July 15, 2020. Sino-Entertainment Holdings issued 100 million shares under the global offering and was over-subscribed 5.59 times.
Sino-Entertainment Technology Holdings is an integrated game publisher and developer in China, with a focus on a proprietary portfolio of games it has developed, third-party mobile games, and the sale and development of customized games and ancillary software. The Group aims to bring a user-centric, interactive gaming experience to players and to develop and distribute high-quality, custom mobile games based on its cumulative experience and knowledge base of distribution partners and players. According to industry reports, Sino-Entertainment Technology Holdings held a 0.1% market share in China’s mobile game market in 2019.
As the issuer’s Chinese legal counsel, Jingtian & Gongcheng’s legal team provided our client with one-stop, end-to-end legal services including due diligence, restructuring, issuance of legal opinions, and assistance in relation to regulatory inquiries, which further strengthened our relationship with the client.
