Norton Rose Fulbright advises on HK$5.4 billion IPO of Poly Property Development

Global law firm Norton Rose Fulbright is advising in relation to the HK$5.4 billion (US$692.9 million) listing of Poly Property Development Co (Poly Property) on the Main Board of the Hong Kong Stock Exchange.

Poly Property is a leading property management service provider in China. Its controlling shareholder, Shanghai-listed Poly Developments, is majority-owned by state-run China Poly Group.

The Hong Kong office of Norton Rose Fulbright has advised both the joint sponsors and joint global coordinators on this deal, including:

• GF Capital (Hong Kong) Limited, Huatai Financial Holdings (Hong Kong) Limited (Huatai) and ABCI Capital Limited (ABCI) as the joint sponsor
• GF Securities (Hong Kong) Brokerage Limited, Huatai, ABCI, CLSA Limited, UBS AG Hong Kong Branch and CCB International Capital Limited as the joint global coordinator

Norton Rose Fulbright’s Hong Kong-based deal team was led by partners Psyche Tai, Doris Ng and Harold Tin with assistance from Tracy Ding, Jane Yau, Zoe Tang, Stephanie Chan, Wendan Shi and Steven Chong

Psyche Tai is a senior practitioner with over 20 years’ experience in all aspects of corporate and commercial law, including mergers and acquisitions, public company takeovers, IPOs, reverse takeovers, joint ventures and convertibles. She is widely recognised as one of the leading female corporate lawyers in Asia, and was named ‘M&A and Private Equity Lawyer of the Year’ at the Asia Women in Business Law Awards 2018.