O’Melveny, Global Law Office, Linklaters and Haiwen & Partners have clinched roles in Chinese jewellery brand Laopu Gold’s listing on the HKEX, raising HKD905 million.
Laopu Gold engaged O’Melveny as its Hong Kong and US legal counsel, with partners Geng Ke and Zhu Ke leading the firm’s transaction team.
Global Law acted as the issuer’s PRC legal counsel, led by partner Xu Huijie and managing partner Liu Jinrong. Other main members included partners Song Linlin, Zhang Yanting, and Zhu Ruiqing. Partner Zhan Jingxin provided support.
Linklaters advised the underwriters – China Securities (International), CCB International, BOCOM International and Tiger Brokers – on Hong Kong and US law. Partners Lipton Li and Donnelly Chan led the firm’s team.
Haiwen acted as the underwriters’ PRC legal counsel, led by partners Xu Qifei and Ma Chenling. Managing partner Zhang Jiping and partner Wang Lei provided support.
The jeweller issued 22.37 million shares, priced at HKD40.5 per share.
The Chinese heritage gold jewellery brand was founded in 2009 and it ranked first in Chinese gold jewellers’ single-store sales, according to Frost & Sullivan’s data in 2022 and 2023.
