Women's shoe maker debuts in Hong Kong
October 12, 2011 | BY
clpstaff &clp articlesHongguo International Holdings (Hongguo), a PRC-based women's footwear retailer, has listed on the main board of the Hong Kong Stock Exchange and made…
Hongguo International Holdings (Hongguo), a PRC-based women's footwear retailer, has listed on the main board of the Hong Kong Stock Exchange and made a Rule 144A/Regulation S global offering. The offering raised HK$1.15 billion (US$148 million).
The issuer plans to use the proceeds of the initial public offering to expand its retail network, online sales and production facilities, open new retail outlets, construct offices, acquire other businesses and repay existing debts. The joint global coordinators of the transaction were Citigroup Global Markets Asia and DBS Asia Capital.
Hong Kong law and US law advisers to Hongguo was a Sidley Austin team, and its PRC counsel was GFE Law Office. A Hong Kong-based Herbert Smith team represented the underwriters as to US and Hong Kong law aspects, led by Gary Lock and Melody Chen. The underwriters' Chinese advisers was Jingtian & Gongcheng. Appleby served as Bermuda law counsel.
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now