HealthyWay Inc. Triumphs with Hong Kong Stock Exchange Listing

Deal News | Dec 30, 2024 | Paul Hastings

HealthyWay Inc. Triumphs with Hong Kong Stock Exchange Listing

Paul Hastings LLP successfully led the global offering and listing of HealthyWay Inc., a prominent digital health and medical service platform in China, on the Main Board of the Hong Kong Stock Exchange under the stock code 2587.HK. CCB International Capital Limited served as the sole sponsor for this financial maneuver. HealthyWay Inc. utilized a Variable Interest Entity (VIE) structure and completed requisite filings with the China Securities Regulatory Commission. This placement marks a successful collaboration and strategic maneuver for HealthyWay Inc. aligning with significant company goals. Raymond Li, Founding Partner and Chair of Greater China at Paul Hastings, along with partners Peter Cheng and Steven Hsu, spearheaded the team, with substantial backing from associates and legal managers. The firm has established a strong footprint in advising on major IPOs in Hong Kong throughout 2024 across industries, substantiating its reputation as a formidable legal advisor globally in capital markets.

Sectors

  • Digital Health and Medical Services
  • Capital Markets
  • Legal Services

Geography

  • China – HealthyWay Inc. is based in China, and the regulatory compliance involved in the VIE structure pertains to Chinese regulations.
  • Hong Kong – The IPO and global offering of HealthyWay Inc. took place in Hong Kong, making this geography highly relevant.

Industry

  • Digital Health and Medical Services – HealthyWay Inc. operates as a digital health and medical service platform, making this industry classification relevant.
  • Capital Markets – The article deals with HealthyWay Inc.'s IPO and global offering on the Hong Kong Stock Exchange, categorizing it under capital markets.
  • Legal Services – Paul Hastings' significant role in advising HealthyWay Inc. on its IPO qualifies this transaction under legal services.

Financials

    Participants

    NameRoleTypeDescription
    HealthyWay Inc.Target CompanyCompanyA digital health and medical service platform from China focused on global offerings.
    Paul Hastings LLPLegal AdvisorCompanyA premier law firm with expertise in finance, mergers & acquisitions, and capital markets.
    CCB International Capital LimitedSole SponsorCompanyAn investment banking arm of the China Construction Bank, backing IPOs and capital raising.
    Raymond LiFounding Partner and Chair of Greater ChinaPersonRaymond Li led the Paul Hastings legal team in advising HealthyWay Inc.'s IPO.