June 19, 2018 – Country Garden Services Holdings Company Limited (“Country Garden Services, stock symbol: 06098.HK) was successfully listed on the Main Board of Hong Kong Stock Exchange. With a distribution of 2.5 billion shares at HK$10 each to shareholders in the form of a conditional special dividend and dividends in kind, the IPO secured HK$ 28.15 billion in gross proceeds, making it the top company in the property service sector on the exchange.
Guangdong Country Garden Property Service Holdings Company Limited, an indirectly controlled domestic operation of Country Garden Services, is a leading property development management service provider in China. Ranked third by China Index Academy in 2017 among the top 100 Chinese Property Management companies in terms of overall strength, the company’s property management portfolio has the widest coverage in China.
As the sponsor’s Chinese legal counsel, Jingtian & Gongcheng legal team provided legal service during the entire IPO process.