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Cheerwin Group Prices US$394.5 Million Hong Kong IPO

March 10, 2021

Hong Kong – Paul Hastings, a leading global law firm, announced today that it has advised the joint sponsors and underwriters on the US$394.5 million global offering and listing of Cheerwin Group Limited (“Cheerwin Group”) 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.

In recent years, Paul Hastings has advised on numerous Hong Kong listings for clients across a wide spectrum of industries, including the real estate developer Radiance Holdings, the nationwide joint-stock commercial bank China Bohai Bank, the property management service provider Redsun Services, the small household appliances company JS Global Lifestyle, the biotech company Ascletis Pharma (the first listing under Chapter 18A), the assisted reproductive services company Jinxin Fertility Group, and the leisure-focused integrated tourism group Fosun Tourism Group.  

The Paul Hastings team was led by Raymond Li, 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.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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