On July 10, 2020, Zhenro Services Group Limited ("Zhenro Services"; Stock Code: 06958.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX), offering 250 million shares which were oversubscribed approximately 102 times.
Founded in 2000, and headquartered in Shanghai, Zhenro Services Group is a fast-growing, property management service provider with a nationwide footprint in China. The company provides comprehensive and diversified property management services for residential and non-residential properties. It currently maintains projects under management in four regions—the Yangtze River Delta, the Western Straits, the Midwest and the Bohai Rim, spanning across both residential and non-residential properties, including government and public facilities, office buildings, industrial parks and schools. According to EH Consulting, the company was recognized as one of the Top 10 of the Community Service Providers in China by Growth and one of the Top 20 Community Service Providers in China by Brand Value in 2019 respectively. Among the 2020 Top 100 Property Management Companies in China, the company was also ranked 19th in terms of comprehensive strength by the China Index Academy.
As the Chinese legal adviser to the sole sponsor, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the IPO and listing of Zhenro Services, including conducting Chinese legal due diligence, assisting in third-party due diligence and responding to regulatory inquiries.
