Harneys advises Helens on its secondary listing on the Singapore Exchange

This deal represented the first Cayman Islands company being listed on the Main Board of the Singapore Exchange this year and has a market capitalisation of HK$3,189 million (approximately US$409 million).

Helens has been listed on the Main Board of the Hong Kong Stock Exchange since 10 September 2021.

Helens is a market leader in China’s bar industry, boasting the largest bar chain network nationwide. Its vision extends globally and focusses on the creation of social spaces outside of home and work. With over 15 years of experience, the Helens’ brand has cultivated a huge fan base of tens of millions. Its network of outlets spans over 200 cities within and outside of China, offering consumers with vibrant gathering spaces that blend exceptional experiences with a lively ambience.

The Harneys team was led by Partner Alan Au with support from Senior Associate Annie Liu and Paralegal Matt Ip. CGS International Securities Singapore Pte. Ltd. acted as the issue manager and China International Capital Corporation Hong Kong Securities Limited acted as the financial adviser as to HKSE listing rules. Drew & Napier LLC acted as the Singapore legal advisers, Jingtian & Gongcheng as the PRC and Hong Kong legal advisers, Verybest Law Offices as the Japan legal advisers, Mosaic Paradigm Law Group as the US legal advisers to Helens. Dentons Rodyk & Davidson LLP acted as the Singapore legal adviser and Commerce & Finance Law Offices acted as the PRC legal adviser to the issue manager.

Alan commented: “We are delighted and honoured to support our client Helens on the successful secondary listing of the company on the Singapore Exchange. This transaction demonstrates our team’s expertise in navigating the complexities of cross-border listings and our ability to deliver positive outcomes for our clients. We look forward to assisting more clients with their listing aspirations in the future.”

The Corporate team at Harneys has a leading Equity Capital Markets (ECM) practice with substantial experience in all aspects of capital raising by offshore companies, including reverse mergers, IPOs and secondary offerings, rights issues, equity linked securities, including convertible and exchangeable bonds, SPACs, and business combinations, as well as private placements, take-privates, takeovers, and spin-offs. The firm’s ECM expertise lies in advising entities listed or listing on all major stock exchanges, including the New York Stock Exchange, NASDAQ, the London Stock Exchange, AIM, the Hong Kong Stock Exchange, the Shanghai Stock Exchange, the Luxembourg Stock Exchange, and the Singapore Stock Exchange.