Hong Kong – January 23, 2023 – Cooley advised YH Entertainment, a Chinese artist management company, on its HK$490 million ($63 million) global offering. Associates Michael Yu and Will Cai led Cooley’s team.
According to Frost & Sullivan, YH Entertainment ranked first among artist management companies in China, with a market share of 1.9% in terms of artist management revenue in 2021.
CSCI and CMS acted as joint sponsors, joint coordinators, joint international coordinators, joint authors and joint international coordinators. Valuable Capital, China Everbright Securities, CSFG International Securities, Guosen Securities, uSMART Securities, Tiger Brokers, Futu Securities, Guotai Junan Securities and Livermore acted as bookkeepers and lead managers, with Zheshang International Financial and Easy Securities acting as managing directors.
Since its establishment in 2009, YH Entertainment has grown into a cultural and entertainment platform with three integrated businesses of artist management, music production and services, and online-n-entertainment business development.
In particular, this is the second phase of Cooley in Hong Kong in 2023 and the fourth project in Hong Kong IPO in the past few weeks.
About Cooley LLP
Clients partner with Cooley on transformational, complex IP and regulatory issues, as well as large-scale litigation, where innovation meets regulatory requirements.
Cooley has approximately 1,500 lawyers in 18 offices in the United States, Asia and Europe, and more than 3,000 employees.