DEALS
Zhong Lun Advises on HKEX Main Board Listing of FUGUINIAO CO., LTD.
Zhong Lun Advises on HKEX Main Board Listing of FUGUINIAO CO., LTD.
FUGUINIAO CO., LTD. (“FUGUINIAO") successfully listed by way of listing as H shares on the Main Board of the Stock Exchange of Hong Kong on 20 December 2013. Its stock code is 01819. Based on the Offer Price of HK$8.81 per H share, the net proceeds from the Globe Offering to be received by FUGUINIAO in relation to the Global Offering, is approximately HK$1,089.70 million.
Zhong Lun Law Firm acted as the PRC legal adviser to FUGUINIAO. Zhong Lun’s team was led by Jack Lai and Chen Limin, the team includes Yang Hui, Zou Yunjian, Victor Chen, Ben Wu and Grace Gu. CITIC Securities Corporate Finance (HK) Limited acted as the sole sponsor to FUGUINIAO.
FUGUINIAO is a major, established manufacturer and seller of footwear and a well-known seller of business casual menswear in China. It is the third largest manufacturer of branded business casual footwear products and the sixth largest manufacturer of branded men’s and women’s footwear products in the PRC in terms of retail revenue for the year ended 31 December 2012. The listing of the H shares of FUGUINIAO is the first successful case after CSRC’s new regulation on H shares (No. [2012]45) went into effect on January 1st, 2013.
