12 Jan 2014

Stephenson Harwood advises on HK$320m 'H' share IPO


International law firm Stephenson Harwood advised Fujian Nuoqi Co., Ltd. (Fujian Nuoqi) on its H share listing on the Stock Exchange of Hong Kong Limited which raised close to HK$320 million at the offer price of HK$2.13 per H share. Fujian Nuoqi’s IPO dealing commenced on 9 January 2014.

Fujian Nuoqi is a rapidly expanding men’s fashion casual wear apparel company headquartered in Quanzhou, Fujian Province. It is the second Chinese enterprise to list its H shares on the Stock Exchange of Hong Kong Limited under the new overseas listing regime after the China Securities Regulatory Commission (CSRC) relaxed its requirements for direct listing of Chinese enterprises overseas in January 2013.

Hilda Chiu, the Stephenson Harwood partner leading this transaction, commented, “We are delighted to be involved in the global offering of Fujian Nuoqi. During the last ten months, I am happy to see that our team has drawn upon our expertise and resources to assist Fujian Nuoqi to reach its milestone.” She added, “Stephenson Harwood has a good client base of Chinese SMEs, and with our experience we are confident that we will be helping more of them to list on the Hong Kong stock market.”

The Stephenson Harwood team, based in its Greater China offices, is led by Hilda Chiu with associates Alan Ho and Jessie Chan. CCB International Capital Limited (CCBI) is the sole global coordinator and sole sponsor. CCBI, BOCI Asia Limited and RHB OSK Securities Hong Kong Limited act as joint book-runners in relation to this transaction. Chinese law firm Jingtian & Gongcheng advised the sponsor on PRC matters.



Boie Ho
Business Development Manager

T: +852 2533 2708
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