Campbells advised Kangqiao Service Group Limited 康橋悅生活集團有限公司on its approximately HK$679 million raise on the Hong Kong Stock Exchange

  • Published: 22 July 2021
  • Law Firm: Campbells

Campbells acted as Cayman Islands legal counsel to Kangqiao Service Group Limited 康橋悅生活集團有限公司 (“Kangqiao”) in connection with its approximately HK$679 million initial public offering and listing of its 175,000,000 shares (assuming the over-allotment option is not exercised) on the Main Board of the Hong Kong Stock Exchange.

Paul Hastings and Jingtian & Gongcheng acted as Hong Kong legal counsel and PRC legal counsel, respectively, to Kangqiao. O’Melveny & Myers and Commerce & Finance Law Offices acted as Hong Kong legal counsel and PRC legal counsel, respectively, to the sole sponsor, CCB International Capital Limited, and the underwriters (including CCB International Capital Limited, Haitong International Securities Company Limited, Sheng Yuan Securities Limited, Shenwan Hongyuan Securities (H.K.) Limited, DL SECURITIES (HK) LIMITED, Guosen Securities (HK) Capital Company Limited, Futu Securities International (Hong Kong) Limited, Livermore Holdings Limited and Opus Capital Limited).

Kangqiao is a China-based investment holding company primarily engaged in the provision of comprehensive property management services. The Company mainly provides three categories of services. Its property management services include order maintenance, cleaning, greening, gardening, repair and maintenance services. Its non-owner value-added services include site services, services in the pre-occupation stage, sales agency services, site management services, and consulting services. Its community value-added services include home living services, community operation services, and asset operation services.