Legal DealFolio - Hongguo International IPO

Herbert Smith has recently advised Citigroup Global Markets Asia Limited and DBS Asia Capital Limited as the joint global coordinators on the HK$1.15 billion (US$148 million) listing of Hongguo International Holdings Limited ("Hongguo") on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering. Headquartered in China, Hongguo is one of the largest retailers of women's formal and casual footwear in China. The Company designs, manufactures and sells mid-to-premium range footwear through department stores and independent outlets in China, as well as wholesale to distributors. The Company also manufactures footwear for international companies for overseas export. The global offering consisted of an aggregate of 500 million shares at an offer price of HK$2.30 per share. Hongguo intends to use the IPO proceeds to expand its retail network, online sales and production facilities; open new outlets for its self-developed brands; construct offices and warehousing facilities; acquire other footwear businesses, and repay existing debts. Corporate partner Gary Lock led the Hong Kong team and was assisted by senior associate Victor Ding and associate Carmen Leung. The US securities team was led by corporate partner Melody Chen, senior associate Eugene Yujie Gu and associates Jackie Chen and Chen Ye.

Deal Date:	30-09-2011	Practice Area:	Equity Capital Markets
Deal Title:	Hongguo International IPO	Industry:	Personal Goods
Description:	Herbert Smith has recently advised Citigroup Global Markets Asia Limited and DBS Asia Capital Limited as the joint global coordinators on the HK$1.15 billion (US$148 million) listing of Hongguo International Holdings Limited ("Hongguo") on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering. Headquartered in China, Hongguo is one of the largest retailers of women's formal and casual footwear in China. The Company designs, manufactures and sells mid-to-premium range footwear through department stores and independent outlets in China, as well as wholesale to distributors. The Company also manufactures footwear for international companies for overseas export. The global offering consisted of an aggregate of 500 million shares at an offer price of HK$2.30 per share. Hongguo intends to use the IPO proceeds to expand its retail network, online sales and production facilities; open new outlets for its self-developed brands; construct offices and warehousing facilities; acquire other footwear businesses, and repay existing debts. Corporate partner Gary Lock led the Hong Kong team and was assisted by senior associate Victor Ding and associate Carmen Leung. The US securities team was led by corporate partner Melody Chen, senior associate Eugene Yujie Gu and associates Jackie Chen and Chen Ye.
Financial Center:	Hong Kong	Value:	100.01-500.00
Advised Party:	Lead Managers	Law Firm	Herbert Smith Freehills
Issuer Jurisdiction-	China	Listing Jurisdiction-	Hong Kong
Classification:	Initial Public Offerings Hong Kong Stock Exchange	Lawyer	Gary Lock

Practice Areas -

Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers