近日,百胜中国控股有限公司(以下简称“百胜中国”)在香港联合交易所主板完成二次上市,募集资金约170亿港元(约22亿美元)。竞天公诚律师事务所和盛德律师事务所作为发行人律师为百胜中国提供法律意见;通商律师事务所、富而德律师事务所和盛信律师事务所则担任承销商律师。

百胜中国是中国领先的餐饮公司,同时运营多个知名餐饮品牌,包括肯德基、必胜客、塔可贝尔、东方既白、小肥羊等,截至2020年6月底,百胜中国拥有9,954家餐厅,覆盖中国1,400多个城镇。2016年,百胜中国在纽约证券交易所上市。此次赴港二次上市使百胜中国成为第四家依照港交所《上市规则》第19C章在香港第二上市的美国上市公司,同时也是迄今唯一一家非TMT行业成功进行赴港二次上市的公司。

竞天公诚团队的牵头律师为合伙人章志强律师、凌特志律师;盛德团队的牵头律师则为合伙人吕梦宇律师、丁锰律师。

承销商律师方面,通商团队由合伙人张小满律师牵头;富而德团队牵头律师为合伙人高育贤律师、王昶舜律师;盛信团队牵头律师为合伙人Daniel Fertig。

Freshfields, Sidley, STB advise on Yum China’s $2.2 bln HK secondary listing

Jingtian & Gongcheng and Sidley Austin have advised Yum China Holdings on its HK$17.3 billion ($2.2 billion) secondary listing on the mainboard of the Stock Exchange of Hong Kong, with Commerce & Finance, Freshfields Bruckhaus Deringer and Simpson Thacher & Bartlett counselling the sole sponsor, underwriters, joint global coordinators and bookrunners.

Based on 2019 sales, Yum China, a licensee of Yum! Brands, is Mainland China’s leading quick service restaurant. Yum! Brands operates brands like KFC, Taco Bell and Pizza Hut.

Yum China was listed on the NYSE for the first time in 2016, and became the fourth U.S.-listed company to complete its secondary listing in Hong Kong under Chapter 19C of the listing rules of the HKEX. 

The Jingtian team was led by partners Zhang Zhiqiang and Ling Tezhi, while partners Constance Choy, Paul L. Choi, Mengyu Lu and Meng Ding led the Sidley Austin team.

The Commerce & Finance team was led by partners Zhang Xiaoman, while the Freshfields team was led by partners Teresa Ko and Richard Wang. The Simpson Thacher & Bartlett team was led by partner Daniel Fertig.

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