Jingtian & Gongcheng Advises Datang Group Holdings on its Hong Kong IPO and Listing
Date:2020-12-11

Datang Group Holdings Limited ("Datang Group Holdings"; Stock Code: 02117.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX) on December 11, 2020, raising approximately HKD 1.436 billion at HKD 4.56 per share.


As a competitive, real estate developer in China, Datang Group Holdings focuses on developing housing and commercial properties. In 2020, the company was ranked 88th on the list of China's top 500 real estate developers released by the China Real Estate Association and China Real Estate Appraisal. The company also plays a leading role in several local real estate markets. In terms of contract sales, the company was ranked 1st and 3rd in Zhangzhou, and was one of the top three real estate developers in Nanning in 2018 and 2019.


As the Chinese legal adviser to the issuer, Jingtian & Gongcheng provided one-stop, end-to-end legal services for the IPO and listing of Datang Group Holdings, including Chinese legal due diligence, restructuring design, offering legal opinions to the issuer, and responding to regulatory requests.

 

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