Cheerwin Group’s US$394.5 Million Hong Kong IPO

Paul Hastings, LLP advised the joint sponsors and underwriters on the deal.

Cheerwin Group Limited announced its US$394.5 million global offering and listing on the Main Board of the Hong Kong Stock Exchange.

Morgan Stanley Asia Limited and China International Capital Corporation Hong Kong Securities Limited acted as the joint sponsors, joint global coordinators, joint bookrunners and joint lead managers, while Futu Securities International (Hong Kong) Limited acted as the joint lead manager.

Cheerwin Group is a leading one-stop multi-category household care and personal care platform in China, focused on the development, manufacturing and distribution of various household care, personal care and pet care products.

The Paul Hastings team was led by Raymond Li (Picture), global partner and chair of Greater China, and corporate partners Vincent Wang and Chaobo Fan, with support from associates Eric Wong, Mengying Li, Berton Wang and Jing Du, trainee solicitor Alex Chan, legal manager Fiona Xia, paralegal Janice Yong, and China advisors Guozhen Wang and Irina He.

Involved fees earner: Chaobo Fan – Paul Hastings; Raymond Li – Paul Hastings; Vincent Wang – Paul Hastings; Berton Wang – Paul Hastings; Eric Wong – Paul Hastings;

Law Firms: Paul Hastings;

Clients: China International Capital Corporation Hong Kong Securities Limited; Futu Securities International; Morgan Stanley Asia Limited;

Author: Sonia Carcano