Campbells has acted as the Cayman Islands and British Virgin Islands legal counsel to Runhua Living Service Group Holdings Limited (“Runhua Living”) in connection with its approximately HK$127.5 million initial public offering and listing of its 75,000,000 shares (assuming the over-allotment option is not exercised) on the Main Board of the Hong Kong Stock Exchange, in which the Hong Kong Public Offering was oversubscribed by eight times. The listing raised gross proceeds of approximately HK$127.5 million.
Jingtian & Gongcheng LLP and Zhong Lun Law Firm acted as Hong Kong legal counsel and PRC legal counsel respectively to Runhua Living. Li & Partners and AllBright Law Offices acted as Hong Kong legal counsel and PRC legal counsel respectively, to the sole sponsor Zhongtai International Capital Limited.
Runhua Living is a comprehensive property management service provider with over 25 years of experience in the PRC, with a primary focus in Shandong Province by upholding a strategy of “Shandong Focus”. The Company provides property management services, property engineering and landscape construction services, property investment, and other services.
Runhua Living was awarded several highly regarded honours in the industry including but not limited to TOP 500 Property Management Companies of China. In 2021, Runhua Living ranked second in the hospital sector and third in the non-residential (including hospitals, public properties and commercial properties) sector among property management service providers in Shandong Province in terms of the revenue generated from the respective sectors, and had 39 hospitals and 104 public properties under its management.
Partner Jenny Nip led the transaction with support from legal managers Chantelle Chan and Ben Tao.