Ashurst has represented Credit Suisse (Hong Kong) Limited, CMB International Capital Limited and China International Capital Corporation Hong Kong Securities Limited acting as placing agents.
The transaction concerns the secondary block trade sale of 36,500,000 shares of leading Chinese restaurant chain operator Jiumaojiu International Holding Limited (9922.HK), held by GYH J Limited and MT J Limited, at HKD16.88 per share.
Jiumaojiu is a leading Chinese restaurant brand manager and operator in China. It operates more than 300 restaurants in mainland China under five distinctive brands. According to Frost & Sullivan, the company is the largest Chinese fast fashion restaurants in Southern China.
The Ashurst team was led by partners Frank Bi (Picture) and Stuart Rubin, supported by Li Jiang and Christy Li.
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