King & Wood Mallesons advised ci123.com on its transfer of listing from GEM to Main Board

CN | EN
Current site :    CN   |   EN
Australia
China
China Hong Kong SAR
Japan
Singapore
United States
Global

On October 8, 2018, China Parenting Network Holdings Limited ("ci123.com", 01736.HK ) transferred successfully from the Growth Enterprise Market (GEM) to the Main Board of the Hong Kong Stock Exchange (HKEx). On July 8, 2015, ci123.com launched its IPO by way of placing on the GEM of HKEx, and formally applied for transfer of listing from the GEM to the Main Board on March 30, 2017. 

Ci123.com is the first HK-listed parenting network platform. The main business lines of ci.com include the Pregnancy Reminder App, Mother Zone App and other comprehensive media products. The platform covers more than 200 million pregnant women, infants and children, and serves Chinese young families from pre-pregnancy preparation to upbringing children up to 6 years old. 

As PRC counsel to the ci123.com, King & Wood Mallesons (KWM) participated in a number of important legal matters including drafting and revisions of the PRC legal sections for the transfer application documents, responses to the comments of the HKEx and the Hong Kong Securities and Futures Commission. KWM is the long-term counsel to the ci.com, and acted in its successful IPO by way of placing on the GEM in 2015. In this project, KWM assisted with various complex and difficult issues, concerning the potential impacts of Foreign Investment Law (Draft) on its VIE structure, the impacts of amendments in foreign investment laws and regulations and so on. The project was led by partners Peng Mu and Hui Xu.

MEDIA CONTACT