Jingtian & Gongcheng Advises on Sino-Ocean Service's Hong Kong IPO and Listing
Date:2020-12-18

On December 17, 2020, Sino-Ocean Service Holding Limited ("Sino-Ocean Service", Stock Code: 06677.HK), the property management platform of Sino-Ocean Group Holding Limited (Stock Code: 03377.HK), completed its spin-off IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX).

 

Sino-Ocean Service is a leading, Chinese provider of mid-range and premium property management services, which cover residential communities, commercial properties (office buildings, malls, and hotels), public properties, and other properties (hospitals, public service facilities, government buildings, and schools). As of June 30, 2020, the company managed 210 properties in 54 cities and 24 provinces, municipalities and autonomous regions. This includes 155 residential communities and 55 non-residential properties, with a total floor area of 61.9 million square meters. Sino-Ocean Service’s strength lies in providing mid-range and premium property management services. The company has developed a proven track record in managing a diverse portfolio of high-end, landmark office buildings and business complexes such as Ocean International Center, Guanghua Ocean International Center, Dajia Insurance (Headquarters), Sino-Ocean Taikoo Li Chengdu, INDIGO Beijing, and Grand Canal Palace. As a result, they continue to gain recognition for their high quality of service.

 

As the Chinese legal adviser to the underwriter, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the spin-off IPO and listing of Sino-Ocean Service, including Chinese legal due diligence, third-party due diligence, and responding to inquiries from the regulator.

 

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