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Zhong Lun Advises Huiyin Household Appliances (Holdings) Co., Ltd. on HK Main Board IPO and Listing
Zhong Lun Advises Huiyin Household Appliances (Holdings) Co., Ltd. on HK Main Board IPO and Listing
On March 25, 2010, Huiyin Household Appliances (Holdings) Co., Ltd., a mainland-based retailer of home appliances and consumer electronics, was listed on the Main Board of the Stock Exchange of Hong Kong Limited. The retailer, whose retail tranche was nearly 600 times oversubscribed, surged 44 percent on its first trading day.
Zhong Lun Law Firm advised the retailer on the IPO and Listing. Professionals included Lu Hongda, Sun Jing, Liu Dongbing and Shang Xiaolu. BNP Paribas Capital (Asia Pacific) Limited is the sole global coordinator, sponsor, bookrunner and lead manager of its IPO.
The company is a retail chain operator and distributor of quality home appliances and consumer electronic products in the third and fourth-tier markets in eastern China, mainly under its Huiyin branded self-operated and franchised stores. Its headquarters are located in Yangzhou City, Jiangsu Province since 1995. It opened first self-operated store and then first franchised store in 2003.