Junfun Investment’s Acquisition of Majority Shareholding of Grand Concord International

August 05, 2016

Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it represented Junfun Investment Limited in its acquisition of 58.71% of the shareholding of Grand Concord International Holdings Limited (“GCI”) at US$49.36 million.

After the completion, Paul Hastings will continue to advise the client on a mandatory unconditional cash offer for all the issued shares of GCI under the Takeovers Code. GCI is a manufacturer of functional and customized fabrics for major lingerie and apparel brands.

The Paul Hastings team was led by corporate partner

Nan Li

, with support from associates

Bonnie Kong

and

Matt Li

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.