Appleby’s Hong Kong office acted as Cayman counsel for New Hope Service Holdings Limited (New Hope Service) in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 25 May 2021, with gross proceeds of HKD 874 million.

The Appleby team was led by Partner Judy Lee, supported by Legal Manager Minnie Choi.

New Hope Service is a well-established comprehensive property management and lifestyle service operator in China, providing property management services, value-added services to non-property owners, commercial operational services and lifestyle services.

New Hope Service intends to apply the net proceeds from the Global Offering for strategic acquisitions and investments, information system and equipment upgrade, talent recruitment and team building, as well as working capital and general corporate purposes.

Our Hong Kong Capital Markets team is highly regarded for their extensive expertise in supporting offshore companies with IPOs, introductions, placements and listings of both equity and debt securities on the Hong Kong, US, Singapore and many other internationally recognised stock exchanges.

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