Law firm Stephenson Harwood has advised the joint sponsors – China Galaxy International Securities (Hong Kong) Co. Limited and BOCOM International (Asia) Limited – on the listing of the shares of Zhejiang New Century Hotel Management Co., Ltd. (New Century Hotel). The shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited, and the global offering raised HK$1,155 million.

New Century Hotel, with its subsidiaries, is one of the leading hotel groups in China; it is engaged in the operation and management of mid-scale to upscale hotel chains. Of the 70 million offer shares, 10% were for the Hong Kong Public Offering, and the remaining 90% for the International Offering – assuming the over-allotment option is exercised. The offer price was set at HK$16.50 per share.

The Stephenson Harwood team was led by Hong Kong-based corporate partner Ivy Wong, who was supported by corporate of counsel Chun-Hui Lin, assistant legal managers Ben Zhao and Han Hu, and Hong Kong-based associates Connie Law and Diana Lo.