28 June 2021

KWM advises on the spin-off and subsequent Hong Kong listing of Yuexiu Services Group Limited

King & Wood Mallesons (KWM) advised Yuexiu Services Group Limited (Yuexiu Services, Stock Code: 6626) on the spin-off and subsequent listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK).

Yuexiu Services has been listed on 28 June 2021. The global offering comprised a total of 369,660,000 shares. Priced at HK$4.88 per share, the listing raised approximately HK$1.8 billion.

Upon completion, Yuexiu Services remains a subsidiary of Hong Kong-listed Yuexiu Property Company Limited (Stock Code: 00123), the first batch of integrated property developers in China with a focus on residential property development and commercial property operations. Yuexiu Services is an urban operation service provider in China and a key market player offering integrated property management services in China’s Greater Bay Area.

This closing marks the eighth Hong Kong listing in the PRC property management sector that the KWM Hong Kong Equity Capital Markets team has advised on in recent years. Over the years, the team has gained momentum in Hong Kong listings for Chinese state-owned property management companies. Recent and high-profile listings include Financial Street Property Co., Limited’s H-share IPO in 2020 and Poly Property Development’s HK$4.68 billion H-share IPO in 2019.

The team was led by partner Anthony Wan, with support from senior associates Candy Tse, Crystal Kwok and Matthew Yim, and associates Rocky Cheung, Keith Wong and Shirley Yeung.


Any reference to “Hong Kong” or “Hong Kong SAR” shall be construed as a reference to “Hong Kong Special Administrative Region of the People’s Republic of China”.

Media contact

Share on LinkedIn Share on Facebook Share on Twitter
    You might also be interested in

    We have been awarded International Arbitration Law Firm of the Year at ALB Hong Kong Law Awards 2021

    14 September 2021

    We advised on over 50 debt offerings in first half of 2021.

    03 August 2021

    We advised the lender on the privatisation financing for China Customer Relations Centers, Inc..

    12 July 2021

    These promotions span across the Banking & Finance, Corporate & Securities, Dispute Resolution, and Real Estate practice groups to expand and align the firm’s priorities with market opportunities.

    07 July 2021

    You may also be interested in...

    Legal services for your business

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.