Deacons advises on Main Board IPO of JY Grandmark Holdings Limited

26 November 2019

We advise the sole sponsor DBS Asia Capital Limited and underwriters in relation to the Main Board IPO of JY Grandmark Holdings Limited, seeking to raise up to HK$1,452 million (subject to the exercise of over-allotment option).

The company is a property developer, operator and property management service provider based in the PRC, and offers residential properties in Guangdong, Hainan, Yunnan and Hunan provinces.

The company published its IPO prospectus on 25 November 2019.  Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 5 December 2019.

Our team is led by Ronny Chow, Head of our Corporate Finance Practice Group.

We also advised on the debut of another PRC property developer, Yincheng International Holding Co., Ltd., on the Main Board of the Hong Kong Stock Exchange in March this year.  Rhoda Yung, Partner of our Corporate Finance Practice Group, was the lead partner advising the sole sponsor ICBC International Capital Limited in that case.