Slaughter and May advised the placing agents on the HK$2.7 billion primary placing by Greentown Service Group
Slaughter and May, Hong Kong, advised CLSA Limited, Citigroup Global Markets Limited and China International Capital Corporation Hong Kong Securities Limited, as placing agents, in relation to the placing of 266,600,000 new ordinary shares in Greentown Service Group Co. Ltd. (Greentown). The net proceeds of the placing are approximately HK$2.7 billion (US$348 million) and will be used for potential future acquisitions, strategic investments and general working capital purposes.
Greentown is a leading high-end residential property management service provider in the PRC with a diversified service portfolio comprising property management services, property consulting services and community value-added services. It has been listed on the Main Board of the Stock Exchange of Hong Kong since July 2016.