SW acted as the Hong Kong legal advisers to Aoyuan Healthy Life Group Company Limited (stock code: 3662) (“Aoyuan Healthy”) in its successful spin-off from China Aoyuan Group Limited (stock code: 3883) (“China Aoyuan”) and the separate listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
The shares of Aoyuan Healthy were listed on the Stock Exchange on 18 March 2019. 175 million shares were offered, among which 17.5 million were offered in the Hong Kong public offering and 157.5 million were offered in the international offering. The final offer price was HK$3.66 per share and the proceeds amounted to approximately HK$640.5 million.
China Aoyuan is one of the leading property developers in Guangdong Province in China. Aoyuan Healthy is a renowned property management service and commercial operational service provider in the PRC offering diversified property management services for residential and non-residential properties and a full range of commercial operational services for shopping malls, with a focus on mid to high-end properties and mixed-use property developments.