PRC manufacturer Joyou debuts in Frankfurt
Joyou, a bathroom and kitchen accessories manufacturer based in Fujian has raised €105 million (US$141 million) through its initial public offering on…
Joyou, a bathroom and kitchen accessories manufacturer based in Fujian has raised €105 million (US$141 million) through its initial public offering on the Frankfurt Stock Exchange.
Joyou's largest independent shareholder is Hong Kong-based China Renaissance Capital Investment (CRCI), and the IPO required a complex restructuring of Joyou's shareholder structure.
Advising CRCI on its role in this transaction was a Freshfields Bruckhaus Deringer contingent. Dr. Heiner Braun led the Shanghai team that included associate Dr. Christian Zeppezauer, and was assisted by Hong Kong associate Edward Freeman. Other members of the firm's Frankfurt office were involved. CMS Hasche Sigle acted as the issuer's German counsel. Dewey & LeBoeuf advised the underwriters.
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