Clifford Chance has advised property management company China Resources Mixc Lifestyle Services on its $1.6 billion Hong Kong IPO, with Freshfields Bruckhaus Deringer, DeHeng Law Offices and Han Kun Law Offices representing the sponsors.

China Resources Mixc is the services arm of developer China Resources Land.  

According to Bloomberg, Chinese developers are spinning off their property management units at a record pace this year to raise funds as the country limits on their debt growth. Some $6.53 billion has been fetched so far from IPOs in the sector, the highest on record, added Bloomberg, with China Evergrande Group’s services arm raising $1.84 billion recently.

The Clifford Chance team was led by partners Amy Lo, Jean Thio and Fang Liu.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com. 

Related Articles

Features

MIDDLE EAST: IPO Oasis

by Nimitt Dixit |

The Middle East’s regional IPO markets are flourishing despite a global slowdown and geopolitical instability owing to the region’s long-term structural and regulatory reforms, a maturing diversified market and strong investor confidence.

Deals

CC, Paul Hastings lead on CR Beverages’ HK IPO

by Charlie Wu 吴卓言 |

Clifford Chance and Jingtian & Gongcheng are advising China Resources Beverages, the beverage division of the state-owned China Resources Enterprise, on its upcoming Hong Kong IPO, which is expected to raise up to $1 billion. Paul Hastings and Zhong Lun Law Firm are acting for the joint sponsors.

Deals

CC, Davis Polk act on ChaPanda’s $330 mln Hong Kong IPO

by Charlie Wu 吴卓言 |

Davis Polk & Wardwell and Jingtian & Gongcheng have advised Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, on its $330 million IPO on the Hong Kong Stock Exchange, with Clifford Chance and King & Wood Mallesons acting for the sponsor CICC and underwriters.