King & Wood Mallesons (KWM) advised Cinda International Capital Limited as the sole sponsor and the underwriters as the Hong Kong counsel on the initial public offering (IPO) of Bao Shen Holdings Limited (Bao Shen, Stock Code: 8151) on the GEM of The Stock Exchange of Hong Kong by way of share offer.
Listed on 23 April 2018, the IPO comprised a share offer of a total of 105 million shares. Priced at HK$0.48 per share, the gross proceeds from the share offer was approximately HK$50.4 million.
Bao Shen is a plastic and steel component processor for white goods which includes the manufacturing of stamping components and the processing of spray-painting and powder-coating peripheral components.
The KWM team was led by corporate & securities partner Anthony Wan, and supported by associate Anna Wong, and paralegal Kevin Tian.