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O’Melveny Represents Yonghe Medical in US$192 Million Hong Kong IPO

December 13, 2021



HONG KONG—DECEMBER 13, 2021—O’Melveny recently represented Yonghe Medical Group Co., Ltd. (2279.HK) in its HK$1.49 billion (approximately US$192 million) initial public offering and listing of shares on the Hong Kong Stock Exchange.  Assuming full exercise of the over-allotment option, the offering size will be HK$1.72 billion (approximately US$220 million).

O’Melveny advised Yonghe Medical on both Hong Kong and U.S. laws. Morgan Stanley Asia Limited and China International Capital Corporation Hong Kong Securities Limited acted as the joint sponsors and joint global coordinators.

Yonghe Medical is the largest hair-related healthcare service provider in China. It offers one-stop hair-related healthcare services covering hair transplant, medical hair care, and routine hair restoration services. Currently, an increasing number of people are suffering from alopecia and other hair problems. Yonghe Medical has been dedicated to providing professional and high-quality hair-related healthcare services to clients for over ten years, and is the most renowned brand in China’s hair-related healthcare service market.

The O’Melveny team was led by corporate partners Ke Geng and Ke Zhu, and included counsel Ye Sun and Wei Liu, associates Weigang Meng, Katherine Wang, and Stella Yang, as well as legal consultants Lu Yu, Rita Deng, Ningzhi Chen, Zixie Zhu, and Yirong Du. Associate Edward Poon, trainee solicitor Cherry Ma, legal consultants Madlyn Li and Kaikai Liu, and legal consultant interns Elle Mei, Iris Su and Ruidian Xian also provided valuable support.

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Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218

Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000

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