On December 9, Sunshine Insurance (06963.HK) officially listed on the Hong Kong Stock Exchange, becoming the 10th insurance company to list. Sunshine sold at HK $5.83 per share, raising a net of about HK $6.419.5 billion.

 

Founded in 2005, Sunshine Insurance is a rapidly growing and industry-leading private insurance service group in China. It is committed to providing customers with professional risk protection and comprehensive service solutions. At present, the company has a number of professional subsidiaries such as property insurance, life insurance, credit guarantee insurance, asset management, medical and health care.

 

The listing is co-sponsored by Huatai Financial Holdings, CICC, UBS Securities and CCB International.

Clifford Chance LLP is the legal counsel for the issuer in Hong Kong and the United States, and Commerce & Finance Law Offices is the legal counsel for the issuer in China.

Linklaters is the Hong Kong and U.S. legal counsel for the underwriters, while King & Wood Mallesons is their China legal counsel.

Ernst & Young LLP acted as auditor.

Towers Watson Management Consulting is an industry consultant.