30 03 2016

Union Medical Healthcare Limited IPO and listing on the Hong Kong Stock Exchange

Union Medical Healthcare Limited, an aesthetic medical service provider in Hong Kong and Greater China which owns the brand DR REBORN, has completed its initial public offering and listing of its shares on the Hong Kong Stock Exchange.


The offering consisted of a Hong Kong public offering and a concurrent Rule 144A/Reg S placement and raised aggregate gross proceeds of approximately US$96 million, excluding the over-allotment option. UMH is an aesthetic medical service provider that focuses on providing aesthetic surgical procedures, minimally invasive procedures and energy-based procedures in Hong Kong and Greater China and owns the brand DR REBORN. UMH was ranked first in Hong Kong in terms of the number of aesthetic injection procedures performed involving utilisation of the top-six revenue-generating aesthetic medications in Hong Kong and in terms of the number of breast augmentation, liposuction and double-eyelid surgery procedures performed for each of 2012, 2013 and 2014. Dentons advised Union Medical Healthcare Limited on the deal with a team led by corporate partners Gordon Ng (picture) and Guangqin Wei, with support from corporate counsel Ignatius Seu, registered foreign lawyer Edward Leung and associate Shania Tsang, as well as tax partners John Harrington (Washington DC) and Timothy Santoli (New York) and corporate counsel Curtis Stefanak (New York). Slaughter and May advised the underwriters, including Credit Suisse (Hong Kong) Limited, Haitong International Securities Company Limited and CIMB Securities Limited as to U.S. and Hong Kong laws on the global offering with a team led by Benita Yu (partner), John Moore (partner) and Charlton Tse (partner), assisted by Jianhao Zheng (associate), Vincent Chan (associate), Nicola Lui (associate) and Sarah Tian (associate). Involved fees earner: Gordon Ng - Dentons; Guangqin Wei - Dentons; Ignatius Seu - Dentons; Edward Leung - Dentons; Shania Tsang - Dentons; Curtis Stefanak - Dentons; John Harrington - Dentons; Timothy Santoli - Dentons; Benita Yu - Slaughter and May; John Moore - Slaughter and May; Charlton Tse - Slaughter and May; Jianhao Zheng - Slaughter and May; Vincent Chan - Slaughter and May; Nicola Lui - Slaughter and May; Sarah Tian - Slaughter and May;

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