Harneys acted as Cayman Islands legal counsel to Hygeia Healthcare Holdings Co., Limited on its US$286 million initial public offering of Shares on the Hong Kong Stock Exchange.
Shanghai-based Hygeia Healthcare is the largest oncology healthcare group in China with a nationwide footprint of oncology-focused hospitals and radiotherapy centers. It operates a network of 10 oncology hospitals in six provinces in China, providing over 2,000 beds. The public offering in Hong Kong was oversubscribed by over 600 times, with Morgan Stanley and Haitong International Securities acting as joint sponsors for the IPO.
The Harneys team was led by Partner Raymond Ng, with support from Legal Manager Denise Chan. Harneys’ associated corporate and fiduciary services arm, Harneys Fiduciary, provides registered office and principal share registrar services to Hygeia Healthcare. Raymond commented: “We congratulate Hygeia Healthcare for its highly successful IPO. With increasing demand in China, Hygeia Healthcare endeavours to make oncology healthcare services more accessible and affordable, and we are delighted to be part of the IPO team that helps achieve such target.”
Harneys corporate team advises on complex cross-border transactions involving British Virgin Islands, Cayman Islands, Luxembourg and Cyprus corporate vehicles. The firm’s significant track record includes advising on high profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures.