Jurisdiction - Hong Kong
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Stephenson Harwood Advises On The Second H Share IPO Under CSRC’s New Regime.

3 January, 2013

 

Stephenson Harwood advised apparel company Fujian Nuoqi Co., Ltd. (Fujian Nuoqi) on its H share listing on the Stock Exchange of Hong Kong Limited which is expected to raise a maximum of HKD432m at the maximum offer price of HKD2.88 per H share. Fujian Nuoqi’s IPO dealing is expected to commence on 9 January 2014.


Fujian Nuoqi is the second Chinese enterprise to list H shares on the Stock Exchange of Hong Kong Limited under the new overseas listing regime after China Securities Regulatory Commission (CSRC) relaxed its requirements for direct listing of Chinese enterprises overseas in January 2013.


Hilda Chiu, the lead partner of 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 resource to assist Fujian Nuoqi to reach its milestone.”


The Stephenson Harwood team is led by Hilda Chiu with Alan Ho and Jessie Chan. 


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