Slaughter and May is advising the placing managers on the HK$1.1 Billion Top-up Placing by JS Global Lifestyle Company Limited

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 places.

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.

Hong Kong
Benita Yu Senior Partner
John Moore Partner
Jianhao Zheng Counsel