On January 19, 2023, YH Entertainment Group (2306.HK) announced the closing of its initial public offering on the Main Board of the Stock Exchange of Hong Kong Limited. The net proceeds from this offering exceeded HKD 391 million prior to the exercise of over-allotment option. CSCI and CMS acted as the joint sponsors for this offering.
YH Entertainment Group is an established artist management company in China and has grown into a culture and entertainment platform comprising three complementary businesses of artist management, music IP production and operation, and pan-entertainment business. According to Frost & Sullivan, it ranked first among artist management companies in China in terms of artist management revenue in 2021.
Zhong Lun Law Firm acted as the PRC legal adviser to the joint sponsors in this offering. The legal team was led by partners Anthony Zhao, Jack Feng, William Jia and Haichuan Zang, and included non-equity partner Oscar Yang, associates Summer Huang and Jieqiong Chen, among other team members including Julia Cao and Yuanpei Lin.