香港分所
Jingtian & Gongcheng Advises Huazhu Group on its Secondary Listing on HKEX Main Board
Date:2020-09-24

Huazhu Hotels Group Limited (Huazhu Group, stock code: 01179.HK) completed its secondary listing on the Main Board of the Hong Kong Stock Exchange (HKEX) on September 22, 2020, offering 20.42215 million shares at HKD 297 per share, raising approximately HKD 5.9248 billion.

 

Huazhu Group is a leading, global and fast-growing multi-brand hotel group in China. The company is China's second-largest and the world's ninth-largest hotel group as measured by the number of hotel rooms. Under three models—"leased and owned", "franchised," and "manachised" (jointly franchised and managed), the company manages over 20 distinctive brands such as Hanting Hotel, Hi Inn, ibis Hotel, Ji Hotel, Orange Hotel, Mercure Hotels, Crystal Orange Hotel, Manxin Hotels, Joya Hotel and Vue Hotels & Resorts.

 

As the Chinese legal adviser to the sponsor and underwriter, Jingtian & Gongcheng's legal  team provided one-stop, end-to-end legal services for Huazhu Group’s IPO and listing, including the legal due diligence under Chinese law, assisting in third-party due diligence, participating in the preparation of listing application documents, and responding to regulatory requests.

 

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