Ling Yue Services Group Limited (“Ling Yue Services”, Stock Code: 02165.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange on July 12, 2021. Ling Yue Services offered 70 million shares globally at HKD 4.19 per share, raising approximately HKD 293 million before exercising the Over-allotment Option. 

Ling Yue Services is a property management company based in Sichuan Province with a well-established position in Western China and operates across the country. EH Consulting put Ling Yue Services among the Top 50 Role Model Property Management Enterprises in Customer Satisfaction, Top 50 Property Management Enterprises in Super Service Provision and ranked it 55th among the Top 100 Property Management Enterprises in China in Terms of Overall Strength for the year 2020. The company was also ranked 12th among Western China’s Top 50 Property Service Enterprises and rated as “China’s Five-Star Property Service Project” by China Index Academy.

As the Chinese legal adviser to the underwriter, Jingtian & Gongcheng’s legal team provided one-stop, end-to-end legal services for the listing of Ling Yue Services, including conducting Chinese legal due diligence, assisting in the third-party due diligence and responding to regulatory inquiries, thus being highly recognized by the client.