Cleary Gottlieb, Freshfields, JunHe and Jingtian act on Huazhu’s $780 mln HK Secondary listing
Huazhu Hotels Group has successfully launched its secondary listing in HKEX, raising a total fund of around $780mln. JunHe and Cleary Gottlieb Steen & Hamilton (Hong Kong) acted as the issuer’s lawyers, while Jingtian & Gongcheng and Freshfields Bruckhaus Deringer advised the underwriters.
Huazhu Group is a fast-growing multi-brand hotel group in China with international operations. As of the end of 2019, it was China’s second largest hotel group and the world’s ninth largest in terms of number of hotel rooms operated, according to industry research. Its American Depositary Shares have been listed on the NASDAQ since 2010. Huazhu Group is also the fifth US-listed company to complete a secondary listing in Hong Kong under Chapter 19C of the Hong Kong Listing Rules.
The JunHe team was led by partners Shao Chunyang and Li Qi, while the Jingtian & Gongcheng team was led by partners Ling Tezhi. The Freshfields team was led by partners Richard Wang and Calvin Lai.
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