On January 18, 2021, Sundy Service Group Co., Ltd. ("Sundy"; Stock Code: 09608.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX).
Sundy is a well-established, general property management service provider in Zhejiang Province. With subsidiaries and branches across 14 cities in mainland China, the company provides property management services to 33 properties, with a gross floor area of approximately 6.4 million square meters under management. According to the China Index Academy, the company was ranked among the "Top 100 Property Management Companies in China" for many consecutive years. It was also honored as "China's AAA Class Property Enterprise" in 2017, and awarded "AAA Class Integrity Management Demonstration Unit" and "AAA Class Quality Service Unit" in 2018.
As the Chinese legal adviser to the sponsor, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the IPO and listing of Sundy, including conducting Chinese legal due diligence, assisting in third-party due diligence and responding to regulatory inquiries.