On December 9, 2020, Jiayuan Services Holdings Limited ("Jiayuan Services"; Stock Code: 01153.HK), the property service sector of Jiayuan International Group Limited (02768.HK), completed its spin-off IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX), raising approximately HKD 517 million at HKD 3.86 per share.
Jiayuan Services is a leading property management service provider in Zhejiang Province. According to the China Index Academy (CIA), the company ranked 35th in the Top 100 Property Management Companies list in China in 2020. In 2010, it ranked 13th in the Top 100 High-growth Property Management Companies list in China. According to the China Real Estate Association and China Real Estate Appraisal under Shanghai-based E-house China R&D Institute, Jiayuan Services was ranked 33rd among Top 50 of China's Property Management Enterprises in 2018. Meanwhile, in 2019, Jiayuan Services was selected as "2019 Jiaxing Leading Property Management Enterprise" by CIA.
As the Chinese legal adviser to the issuer, Jingtian & Gongcheng provided one-stop, end-to-end legal services for the IPO and listing of Jiayuan Services, including Chinese legal due diligence, offering legal opinions to the issuer, and answering inquiries from the regulator. We have provided high quality legal services to Jiayuan International Group Limited since first working with them.
