Deacons advises the sole sponsor ICBC International Capital Limited and underwriters in relation to the Main Board IPO of Yincheng Life Service CO., Ltd.
The company is an established property management service provider in the PRC with over 20 years’ industry experience, providing diversified property management services and community value-added services. It ranked the 1st, and the 5th among all property management service providers in Nanjing and Jiangsu Province in 2018 in terms of revenue, respectively, and the 34th among the China Top 100 Property Management Companies (中國物業百強企業) in 2019, according to a market research report commissioned by the company.
The company published its IPO prospectus on 25 October 2019, seeking to raise up to approximately HK$152 million (subject to the exercise of over-allotment option). Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 6 November 2019.
Our team is led by Rhoda Yung, Partner of our Corporate Finance Practice Group.