November 29, 2013, Phoenix Healthcare Group Co., Ltd (“Phoenix Healthcare”) successfully launched its initial public offering (“IPO”) on the main board of Hong Kong Stock Exchange under the stock code 1515.HK. Phoenix Healthcare offered 200.9 million new shares at the top of the expected price range  HKD 7.38 per share, raising approximately HKD 1.38 billion in total. The IPO was oversubscribed up to 533.4 times and froze HKD 79.228 billion.

Phoenix Healthcare is the largest private hospital group in China. Its in-network healthcare institutions, comprising large-scale general hospitals and community clinics are all located in Beijing.

Jingtian & Gongcheng acted as the underwriter’s PRC legal counsel.