New Century Healthcare Holding Co. Limited Completes Initial Public Offering

January 18, 2017

New Century Healthcare Holding Co. Limited completed its initial public offering of 120 million shares and listing on the Hong Kong Stock Exchange, raising gross proceeds of approximately $114 million (which could increase to $131 million if the overallotment option is exercised in full). New Century Healthcare is the leading private pediatric healthcare provider in Beijing, operating three medical institutions under the brand name “New Century Healthcare.”

The initial public offering consisted of a Rule 144A offering in the United States, a Regulation S offering outside the United States, and a public offering and listing in Hong Kong. S&C advised New Century Healthcare on both Hong Kong and U.S. law matters.

The S&C team comprised Kay Ian Ng, Garth Bray, Ching-Yang Lin, Kung-Wei Liu, Jerry Gao and Stephen Pang. Jeffrey Hochberg, Saul Brander and Eric Wang advised on U.S. tax matters.