DeHeng Assisted Poly Property Services in Completing H-Share “Full Circulation” Filing with CSRC

2025-02-05

On January 27, 2025, Poly Property Services Co., Ltd. received a filing notice from the China Securities Regulatory Commission (CSRC) regarding its application for H-share “full circulation” to convert 193,666,690 domestic shares (representing 35% of the company’s issued share capital) into H-shares. Upon completion of the conversion, the company’s equity structure will undergo a significant shift: the proportion of domestic shares will decrease from 72.289% to 37.289%, while the H-share portion will rise from 27.711% to 62.711%. These converted shares will be eligible for listing and trading on the Hong Kong Stock Exchange.

As the special legal counsel, the DeHeng team, led by partner Zhu Min, with primary support from lawyers Tian Yuan and Sun Meng, provided comprehensive, professional, and efficient legal services for the project.