香港分所
Jingtian & Gongcheng Advises Ming Yuan Cloud on its Hong Kong IPO and Listing
Date:2020-09-26

Ming Yuan Group Holdings Ltd. (Ming Yuan Cloud, stock code: 00909.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX) on September 25, 2020, offering 374.204 million shares (including 37.422 million shares in Hong Kong and 336.782 million shares in the international market) at HKD 16.5 per share, and raising approximately HKD 5.9 billion. The company is the largest Chinese software company to date listed on the Main Board of the Hong Kong Stock Exchange and the largest Chinese science and technology enterprise listed on the board since 2018.

 

Founded in 2003, Ming Yuan Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. It is the leading software solution provider for property developers in China, with a market share of 18.5% as measured by revenues in 2019, according to Frost & Sullivan. Within this market, the company is also the leading provider of both ERP solutions and SaaS products in terms of revenues, with leading market shares of 16.6% and 23.3% respectively.

 

As the Chinese legal adviser to the sponsor and underwriter, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for Ming Yuan Cloud’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, further strengthening our relationship with the client.

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