Freshfields has advised a consortium of four bookrunners on the US$114m global offering of Guangdong Kanghua Healthcare

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised a consortium of four bookrunners on the US$114m global offering of Guangdong Kanghua Healthcare Co., Ltd. (‘Guangdong Kanghua Healthcare’). Freshfields acted as Hong Kong and US legal counsel to the underwriters of the deal. Trading of shares commenced on 8 November 2016 on the Hong Kong Stock Exchange.

Guangdong Kanghua Healthcare operates two private hospitals in the Pearl River Delta Region of the People’s Republic of China (‘PRC’), including the largest hospital in the PRC, Kangua Hospital. Guandong Kanghua Healthcare will use the net proceeds from the global offering to expand its capacity and capabilities, upgrade facilities and equipment and make selective mergers and acquisitions of other hospitals in the PRC.

The Freshfields team advising on the transaction was led corporate partners Richard Wang and Calvin Lai.