Paul Hastings Advised Joint Sponsors and Overall Coordinators in Shiyue Daotian’s Hong Kong IPO

October 12, 2023

Paul Hastings LLP advised Morgan Stanley Asia Limited, China International Capital Corporation, Hong Kong Securities Limited, and China Securities (International) Corporate Finance Company Limited as the joint sponsors, the overall coordinators, the joint global coordinators, the joint bookrunners, the joint lead managers, and capital market intermediaries on the HK$820.3 million (approximately US$105 million) global offering and listing of Shiyue Daotian Group Co., Ltd. (“Shiyue Daotian”) on the Main Board of the Hong Kong Stock Exchange (stock code: 9676.HK).

Shiyue Daotian is a leading and rapidly growing pantry staple food company in China, dedicated to providing consumers with pre-packaged premium rice, whole grain, bean, and dried food products.

Founding partner and chair of Greater China Raymond Li and corporate partners Peter Cheng and Steven Hsu led the Paul Hastings team, which also included of counsel Eric Wong, associates Berton Wang, Sara She, and Irina He, and China associates Guozhen Wang and Siyu Jiang.

Paul Hastings has advised on a number of significant Hong Kong lPOs in the consumer and retail industries in recent years, including Pagoda (the largest fruit retail operator in China), Super Hi International (the overseas subsidiary of Chinese leading hotpot brand Haidilao), Weilong (the Chinese spicy snack food maker), Hongjiu Fruit (the multi-brand fruit company in China), and Cheerwin Group (a leading one-stop multi-category household care and personal care platform in China).

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