27 September, 2018
Grace Wine Holdings Limited (hereinafter, “Grace Wine”, stock code: 8146.HK) was listed on the GEM of the Hong Kong Stock Exchange, and issued 200 million shares in its IPO, raising approximately 60 to 80 million HKD from investors.
Grace Wine is a wine manufacturing enterprise which comes under the brand “Grace Vineyard”. Since its establishment in 1997, Grace Wine has been dedicated to making wine of excellent quality with a reasonable price point to satisfy the diversified tastes and price preference of its customers, and has become a famous domestic boutique winery. Grace Wine is also the largest wine manufacturer in Shanxi, with major sales markets including Fujian, Zhejiang, Henan, Hunan and Guangdong in addition to Shanxi. Grace Wine is also actively expanding its sales channels, mainly through JD.COM, TMALL.COM and other large online platforms, which will enable direct online sales to individuals and businesses.
In this project, JunHe acted as the Chinese legal advisor to Grace Wine and completed the legal due diligence investigation on the Chinese enterprises, assisted in the issuance of Chinese legal opinions as well as the review and revision of the prospectus and other notification documents. The team gave interpretations and replies to the relevant Chinese legal issues with which the Hong Kong Stock Exchange was concerned, and finally assisted Grace Wine to smoothly complete its listing on the Hong Kong Stock Exchange.
The leading partner in this project was Mr. LIN, Jiayu (Paul).
