Jingtian & Gongcheng Represents Underwriter on Zhou Hei Ya’s HKD 2.4 Billion IPO and SEHK Listing
Date:2016-11-11

Zhou Hei Ya International Holdings Co., Ltd. (“Zhou Hei Ya”, 01458.HK) was successfully listed on the Main Board of HKEX on November 11, 2016. Zhou Hei Ya issues 424 million shares at a price of HK$ 5.88 and net proceeds raised total HK$ 2.37 billion.

 

Zhou Hei Ya is China’s leading company in the production, marketing and retailing of braised duck-related casual food. Zhou Hei Ya was originated from the “Rich and Odd-tasting Duck Store” set up by Mr. and Mrs. Zhou in Wuhan in April 2002, and its predecessor Wuhan Zhou Hei Ya Holdings Corporation was founded by the Zhou family in June 2006. Currently Zhou Hei Ya has over 700 retail stores in 40 cities in China, covering 12 provinces and centrally-administered municipalities. According to the prospectus, by the end of June this year, Zhou Hei Ya is the second largest braised casual food company in terms of revenue and retail value, with market share of 6.8% and 5.5% respectively. Zhou Hei Ya has already become a leading braised casual food brand and retailer in profit, market recognition, retail value and number of retail stores.

 

Jingtian & Gongcheng is the PRC legal counsel of the underwriter to provide comprehensive legal services. With its rich overseas listing experience, professional qualities and sufficient human resource, Jingtian & Gongcheng has successfully assisted Zhou Hei Ya to list in Hong Kong and won acknowledgment from the client.

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