Jurisdiction - China
Hong Kong – Herbert Smith Advises Credit Suisse, CICC and Polaris Securities on USD160m IPO of Tenfu (Cayman) Holdings Company Ltd.


4 October, 2011


Herbert Smith has recently advised Credit Suisse (Hong Kong) Limited, China International Corporation Hong Kong Securities Limited and Polaris Securities (Hong Kong) Limited on the HK$1.25 billion (US$160 million) listing of Tenfu (Cayman) Holdings Company Limited ("Tenfu") on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering.


Tenfu is the largest Chinese tea-product enterprise in China engaged in the sales and marketing of a comprehensive range of tea products. Its branded products had the largest market share in terms of retail sales value in China in 2010.Tenfu intends to use the IPO proceeds to expand and optimise existing outlets, acquire new stores and fund marketing.


The Hong Kong team was led by corporate partners Tommy Tong andJason Sung, who were assisted by associates Jessica Yiu, Bosco Yiu and Stephanie Zhang, and paralegals Geoffrey Chan and Cheryl Wong. The US securities team was led by corporate partner Kevin Roy and associates Han Han, Jin Kong andStanley Xie. Senior associateDinesh Banani and associateJessica He also provided assistance.


Sidley Austin was the legal adviser to Tenfu as to Hong Kong Law and US law; Jingtian & Gongcheng as to PRC law; Conyers Dill & Pearman as to Cayman Islands law and Lee and Li as to Taiwan law. Commerce & Finance Law Offices advised the joint sponsors and the underwriters on PRC law. 

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