Tam Jai International Co. Limited’s HK$1.4 Billion IPO

Deacons advised the sole sponsor and underwriters in connection with Tam Jai’s initial public offering. Sidley Austin advised Tam Jai International Co. Limited.

On 23 September, 2021, Tam Jai International Co. Limited, launched its IPO, seeking to raise up to approximately HK$1.4 billion (subject to the exercise of over-allotment option). 

Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 7 October 2021. 

Guotai Junan Securities (Hong Kong) Limited and China International Capital Corporation Hong Kong Securities Limited are the Joint Global Coordinators.

The company is a leading and renowned restaurant chain operator of the TamJai  and SamGor branded fast casual restaurant chain in Hong Kong with operations also in Mainland China and Singapore, specialising in mixian (a type of rice noodle, which is a well-established, gluten-free staple food with a long history in Asian food culture and typically made from non-glutinous rice without any additives). It is currently a subsidiary of Toridoll Holdings Corporation (listed on the Tokyo Stock Exchange).

The Deacons’ team was led by Ronny Chow (Picture) and Maynard Leung, Partners of the Corporate Finance Practice Group.

The Sidley team was led by partner Sherlyn Lau. Other team members included counsel Iris Yuen, associates William Lau and Rachel Chan, senior corporate finance manager Hannah Wong, senior legal assistant Wendy Ho, and legal assistant Andy Tam.

Involved fees earner: Ronny Chow – Deacons; Maynard Leung – Deacons; Sherlyn Lau – Sidley Austin LLP; William Lau – Sidley Austin LLP; Iris Yuen – Sidley Austin LLP;

Law Firms: Deacons; Sidley Austin LLP;

Clients: China International Capital Corporation Hong Kong Securities Limited; Guotai Junan Capital Limited; Tam Jai International Co. Limited;

Author: Sonia Carcano