Recent Transactions

Zhong Lun Advises on NYSE IPO and Listing of 7 Days Group Holdings Ltd. 2009-11-20

China’s leading budget hotel chain 7 Days Group Holdings Ltd. set its initial public offering (IPO) price per American depository share at US$11 to raise a total of US$111 million on the New York Stock Exchange (NYSE) under the ticker symbol "SVN" on November 20, 2009.

Zhong Lun Law Firm acted as PRC legal counsel for the underwriters, Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Oppenheimer & Co., Inc. Partners Zhang Xuebing and Su Min led a service team which also included Han Yue, Qin Qu and Ye kangkang from the law firm’s Shenzhen office.
7 Days Group Holdings Ltd. was founded in 2004 and has since built its growing "7 Days Inn" brand. The company is currently the third largest budget hotel chain in China (based on the total number of hotels as of December 31, 2008) and had 283 hotels with 28,266 rooms in 41 cities in operation as of September 30, 2009.

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