Harneys wins two Deal of the Year Awards from China Business Law Journal
Harneys has won two Deal of the Year Awards from China Business Law Journal for its work on SF Express REIT’s US$335 million Hong Kong Stock Exchange (HKEX) listing and XPeng’s Main Board Listing on the Hong Kong Stock Exchange.
Harneys acted as British Virgin Islands and Cayman Islands counsel to SF REIT Asset Management Limited in relation to its SF Real Estate Investment Trust (SF REIT) listing on the Hong Kong Stock Exchange on 17 May 2021, raising approximately US$335 million. The listing is the 13th real estate investment trust (REIT) on the HKEX. SF REIT Asset Management Limited is the REIT Manager of SF Real Estate Investment Trust, the first logistics properties regarding real estate investment trust listed on the Main Board of the HKEX.
Harneys advised XPeng Inc as Cayman Islands counsel in relation to their listings on the Hong Kong Stock Exchange on 7 July 2021, raising approximately HK$14.03 billion (US$1.8 billion). XPeng Inc is a smart electric vehicle company headquartered in China. The company plans to use the raised funds to develop its product portfolio and more advanced technologies, as well as boosting its business expansion from enhancing production capability to upgrading manufacturing facilities.
The Harneys team for both deals was led by Global co-head of Banking & Finance and Corporate, Raymond Ng, with support from Senior Associate Lily Zhang (Shanghai) and Legal Manager Nicholas Fong (Hong Kong).
Raymond says, “We are pleased to see that the firm continues to be recognised by in-house peers and other industry professionals. This is a testament to our commitment to providing top-notch services and expert advice to our clients.”
The China Business Law Journal’s awards are presented annually and are based on hundreds of nominations from in-house counsel and other qualified observers, and research conducted by China Business Law Journal’s editorial team. A complete list of the winners and more information about the awards can be found here.
The Corporate team at Harneys advises on complex cross-border transactions involving the 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.