September 27, 2013, China Huishan Dairy Holdings Company Limited ("Huishan Dairy") successfully launched its initial public offering (IPO) for a Hong Kong Stock Exchange main board listing under the stock code of 6863. The IPO raised approximately USD 1.5 billion in total (after exercise of over-allotment option), currently standing as the largest consumption sector IPO in Asia since Chow Tai Fook's IPO in December, 2012, and the world's second largest consumption sector IPO in 2013. The IPO also got the highest P/E ratio to the date 2013.
Huishan is a leading and the most vertically integrated dairy company in China, and it currently owns the largest upstream resources and the second largest herd of dairy cows in the country. The company created the whole industry chain business model which is unique in China.
Jingtian & Gongcheng acted as the issuer's PRC legal counsel.