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