DeHeng Advised Radiance Holdings on Listing on the HKEX Main Board 

2020-10-29

On October 29, 2020, Radiance Holdings Group Co Ltd. ("Radiance Holdings") made its IPO through red-chip listing on the main board of Hong Kong Stock Exchange, with the stock code 9993.HK. For the IPO, it issued 600,000,000 shares (before the over-allotment) at the price of HKD 4.30 per share, and raised approximately HKD 2.58 billion. 

Radiance Holdings was first established in Fuzhou in 1996, and moved its headquarters to Beijing in 2009. After 24 years of development, it has developed into a renowned nation-wide large-scale real estate developer focusing on regional development. It is committed to providing diversified high-quality housing products to buyers for the first apartment or improved housing. As of July 31, 2020, it had established presence in 31 Chinese cities with more than 100 property projects under development in different stages. In 2020, it ranked 36th among the Top 50 Chinese Real Estate Developers issued by China Real Estate Association. 

As the Chinese legal adviser of the underwriter, the DeHeng team, composed of partner Zhang Xiaodan, and lawyers Chang Mengtian and Liu Tao, provided professional, comprehensive, efficient and high-quality whole-process legal services for the IPO, winning high praises from the issuer and other stakeholders. Previously, our partners Xu Jianjun and Wu Lianhua and several other lawyers had advised its domestic subsidiary Radiance Group Co., Ltd. on the A-share listing. DeHeng's legal services over the years have won the company's trust and support.