Deacons advises the sole sponsor CMB International Capital Limited and underwriters in relation to the proposed spin-off from China Lesso Group Holdings Limited (SEHK Stock Code: 2128) and Main Board IPO of EDA Group Holdings Limited (SEHK Stock Code: 2505) (“EDA Group”).
EDA Group is a one-stop end-to-end supply chain solutions provider for e-commerce vendors, empowering the fast-growing B2C export e-commerce industry in China. According to a market research report commissioned by the company, in terms of revenue in 2023, it ranked sixth among all B2C export e-commerce supply chain solutions providers primarily utilizing pre-sale stocking model in China. Its logistics network covers various major trade lanes originating from China reaching popular B2C e-commerce destinations around the world, including North America, Europe and Australia.
EDA Group launched its IPO on 20 May 2024, seeking to raise up to approximately HK$300 million (subject to the exercise of over-allotment option). Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 28 May 2024.
Our team is led by Ronny Chow, Head of Deacons’ Corporate Finance Practice Group.
