Zhong Lun Assists Haier Smart Home in Issuing Additional H-Shares
Zhong Lun Assists Haier Smart Home in Issuing Additional H-Shares
Haier Smart Home Co., Ltd. (stock codes: 6690.HK, 600690.SH, 690D.DF) has recently issued 41,143,600 new H-shares at a placing price of HKD 28 per share. The net proceeds from the placement are estimated to be around HKD 1.15 billion.
Zhong Lun acted as the domestic legal advisor for Haier Smart Home in this placement. The legal team was led by partner Zhoujun Tang and included non-equity partners Jia Liu and Jingli Mu.
In this offering, Haier Smart Home’s employees and management used their own funds to subscribe for financial products, which in turn were used to subscribe for part of the placement shares through Golden Sunflower. Meanwhile, Haier Smart Home introduced external long-term shareholders with different strategic resources, including PAG, Segantii, Janchor and other well-known foreign PE and industrial investment institutions. This offering has further optimized the H-share shareholder structure of Haier Smart Home, ensuring its long-term and sustainable overseas strategic investment and boosting the company’s expansion in overseas markets.