On 29 March 2023, Seacon Shipping Group Holdings Limited (“Seacon”, 2409.HK) successfully listed on the mainboard of Hong Kong Stock Exchange. Grandall Hong Kong has been retained as the legal advisor for this IPO project with partners Daniel Wan and Agnes Wong as key lawyers serving the case.
Deal gives Aramco a significant minority stake in China's largest private chemical processing company
Hidden Harbor Capital Partners, together with other PE funds and international financial institutions, recently acquired Dayco, LLC, a 115-year-old world leader in engine drive systems and aftermarket services. Grandall served as the PRC counsel to Hidden Harbor, with Mr. Kevin Qian, General Counsel of International Development & Foreign Affairs, leading the Grandall team.
On 20 January 2023, the reorganization project of Wuxi Zhenhua Auto Parts Co., Ltd. (605319.SH, “Wuxi Zhenhua”) was passed and approved by China Securities Regulatory Commission.
On 16 January 2023, Beauty Farm Medical and Health Industry Inc. (2373.HK, “Beauty Farm”), a leading beaty and health management service company in China, was listed on the mainboard of HKEx. The company offered 40,536,500 shares globally at the issue price of HKD 19.32 with oversubscription by approximately 21.12 times in the HK public offering and 4.7 times in the international offering, and the maximum opening gain was over 70% on the first day.
Recently, Grandall Changsha Office advised Pengze County Urban Development Construction Group Co., Ltd. (“Pengze Construction Group”) in its issue of senior unsecured credit enhancement bonds with a maturity of 35 months and denominated in USD under Regulation S to raise funds for Pengze County rural habitat environment comprehensive improvement project and to supplement working capital. The bonds were unrated, with standby L/C provided by Jiujiang Bank Co., Ltd., and closed on 23 December 2022.
