Paul Hastings and Tian Yuan Law Firm have represented Midea Real Estate, the Chinese developer backed by the founder of the world’s largest appliance maker, on its $392 million initial public offering on the Hong Kong Stock Exchange. 

The joint sponsors and underwriters, including BNP Paribas Securities and CLSA Capital Markets were advised by Allen & Overy and Jia Yuan Law Offices.

Established in 2004, Midea Real Estate is a national property developer in the PRC. Mainly engaged in real estate development, the firm is involved in various business fields such as property management, smart homes and commercial real estate among others.

The Paul Hastings team was led by capital markets partners Nan Li and Zhaoyu Ren.

Earlier this year, Paul Hastings advised Jiangxi Bank on its $952 million IPO on the Hong Kong Stock Exchange.

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