LH Group Limited’s $28 Million Initial Public Offering

King & Wood Mallesons (KWM) advised LH Group Limited (LH Group, Stock Code: 1978) as the Hong Kong counsel on its global offering and initial public offering (IPO) on the Main Board of The Stock Exchange of Hong Kong (HKEx).

Listed on 30 May 2018, the IPO comprised an issue of a total of 200 million shares. Priced at HK$1.10 per share, the listing raised HK$220 million. The public offering was nearly 1,000 times oversubscribed, marking the most oversubscribed food & beverage stock on the Main Board of the HKEx to date.

LH Group, the second-largest full-service Japanese cuisine restaurant group in Hong Kong, is a full service restaurant group comprising 34 restaurants in Hong Kong under 10 self-owned or franchised brands, with a focus in Chinese and Asian (Japanese in particular) cuisine.

The KWM team was led by corporate & securities partner John Baptist Chan (Picture), and supported by Carlton Ng and Kevin Ng.

Involved fees earner: John Baptist Chan – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: LH Group Limited;


Author: Michael Patrini