21 December, 2016
Stephenson Harwood has advised China Industrial Securities International Capital Limited, being the Sole Sponsor of Da Sen Holdings Group Limited’s listing on the Main Board of The Stock Exchange of Hong Kong Limited which raised HK$126 million at the offer price of HK$0.7 per share.
Under the Hong Kong initial public offering, there were applications for shares of approximately 271 times of the initially available Hong Kong offer shares. Such significant over-subscription resulted in the reallocation of international offering shares to Hong Kong public offering.
Da Sen Holdings’ IPO dealing commenced on 19 December 2016.
Da Sen Holdings is the 4th Largest plywood and largest biomass wood pellets manufacturer and seller in China according to an industrial report basing on the market share of the total industry revenue in China. In 2014, its plywood brand “Bolema” was awarded as the top 10 best brands through an online evaluation conducted by PRC timber trade website.
Corporate partner Eugene Lai led the transaction and assisted by senior associate Ivy Wong, associates Clement Lai, Diana Lo, and Joyce Hau.
