Sidley advised on the initial public offering (IPO) of YH Entertainment Group (HKEX:2306) (YH Entertainment) on the Main Board of the Hong Kong Stock Exchange (HKEX). The offering raised approximately HK$391.4 million (US$50.1 million). Sidley acted as Hong Kong legal counsel for the joint sponsors and overall coordinators China Securities (International) Corporate Finance Company Limited and China Merchants Securities (HK) Co., Limited, as well as the other underwriters.
Established in 2009, YH Entertainment is a top artist management company in China, with the highest revenue-based market share, according to Frost & Sullivan. It has built a culture and entertainment platform that includes artist management, music IP production and operation, and a pan-entertainment business and manages some widely popular artists in China. In this IPO, YH Entertainment received cornerstone investments from Sun Mass Energy Development Limited, part of China Ruyi Holdings Limited, Maoyan Entertainment (HK) Limited, TradArt Asset Management Co., Limited, and from Mr. Ding Shijia, the executive director and the deputy chairman of ANTA Sports Products Limited.
The Sidley team was led by partners Oliver Zhong and Sherlyn Lau, a member of Sidley’s Executive Committee and deputy head of the China Corporate and Finance group. Other team members included senior China advisor Linda Ruan, senior managing associate Jacob Zhao, registered foreign lawyer Dennis Chan, associates Grace Hua and Yaomin Pan, senior corporate manager Hannah Wong, and senior legal assistants Alice Liu, Krystal Liang, Kristine Zhang, Jiangyuan Song, and Iris Lao.
Sidley has one of the largest Hong Kong IPO teams in the region, with more than 100 lawyers and legal professionals. It remains one of the top-ranked legal advisors by Ryanben Capital in Hong Kong IPO by deal count for the past three consecutive years. It has been ranked as a leading international law firm in the Capital Markets categories in China and Asia Pacific by Chambers for the last decade, and is also recognized by Legal 500 Asia Pacific.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
