Slaughter and May, Hong Kong, is advising China International Capital Corporation Hong Kong Securities Limited and Merrill Lynch (Asia Pacific) Limited as placing managers, in relation to the placing by a wholly-owned subsidiary of CDH Fund V, L.P., Easy Home Limited (“CDH”) of 109,226,000 existing shares (representing approximately 3.20% of the issued share capital of JS Global Lifestyle Company Limited (“JS Global”)), and partial top-up subscription by CDH of 76,458,000 new shares (representing approximately 2.19%% of the enlarged issued share capital of JS Global).
The placing was announced on 24 September 2020 and includes a R144A placing. It is expected that there will be not less than six placees.
The net proceeds of the top-up subscription will be used by JS Global for the repayment of revolving credit facilities and/or for general working capital purposes.
The subscription shares will be issued under the general mandate granted by the shareholders of JS Global.
JS Global is a global producer of small household appliances. It has been listed on the Main Board of The Stock Exchange of Hong Kong since 2019. Easy Home Limited currently holds approximately 8.67% of the issued share capital of JS Global, and is wholly-owned by CDH Fund V, L.P., a private equity fund.