Simpson Thacher Represents Underwriters in HK$3.354 Billion Hong Kong IPO and Regulation S Offering of Shinsun
11.24.20
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The Firm represented the underwriters in the initial public offering and Regulation S offering by Shinsun Holdings (Group) Co., Ltd. (“Shinsun”) (HKEX: 2599). Shinsun offered an aggregate of 600,000,000 shares prior to exercise of the underwriters’ overallotment option. The base offering size was HK$3.354 billion (US$430 million). The shares of Shinsun are listed on the Main Board of the Hong Kong Stock Exchange. CCB International and ABC International acted as joint sponsors, joint global coordinators, joint bookrunners and joint lead managers for the global offering.
Shinsun is a fast-growing, large-scale and comprehensive real estate developer in China. Headquartered in Shanghai, Shinsun focuses on the development of quality residential properties in select regions in China and has established a leading market position in Zhejiang Province through over 20 years of development.
The Simpson Thacher team for the transaction included Christopher Wong, Carol Chan and Christy Li (Capital Markets).