Redsun Services Group Limited Debuts in Hong Kong IPO

July 07, 2020

Hong Kong – Paul Hastings, a leading global law firm, announced today that it has advised Redsun Services Group Limited (“Redsun Services”, stock code: 1971.HK) on its US$53.5 million global offering and IPO on The Stock Exchange of Hong Kong Limited. ABCI Capital Limited acted as the sole sponsor for the listing. ABCI Capital Limited, CCB International Capital Limited, CMB International Capital Limited and ICBC International Capital Limited acted as the joint global coordinators for the listing.

Redsun Services is a community service provider based in Jiangsu Province, China, engaged in the management of residential and commercial properties.

With a strong real estate practice in Asia, Paul Hastings has acted in some of the most significant Chinese property company listings in Hong Kong in recent years, including listings by Dexin China Holdings Company Limited, Midea Real Estate Holding Limited, and DaFa Properties Group Limited. In 2018, Paul Hastings advised Redsun Properties Group Limited, a leading comprehensive property developer in China, on its US$234 million Hong Kong IPO.

The Paul Hastings team was led by Raymond Li, global partner and chair of Greater China, corporate partners Vincent Wang and Chaobo Fan, with support from associates Isabelle Wu and Phoebe Chow, legal manager Zhangmeng Lin, and trainee solicitor Giselle Ma.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.