September 17, 2013, Tenwow International Holdings Limited (Tenwow International) successfully launched its initial public offering (IPO) for a Hong Kong Stock Exchange main board listing under the stock code of 1219. The company offered 500 million shares and fixed the price at HKD 3.15 per share at the top of the range, raising HKD 1.469 billion in total. The IPO got 55.14 times oversubscription and 20 times p/e and froze HKD 8.8 billion which was the most frozen amount in the past 4 months.

Tenwow International is a leading packaged food and beverage producer and one of the largest distributors of packaged food and beverages in China. The company operates a unique business model of producing and distributing a comprehensive range of products, ranging from alcoholic beverages, food and snacks, non-alcoholic beverages to other fast moving consumer goods, through a well-established distribution network across China.

Jingtian & Gongcheng acted as the underwriter’s PRC legal counsel.