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DeHeng Advised Kwung's Holdings Limited's IPO

 on the Main Board of HKEX

2020-01-16


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On January 16, 2020, Kwung's Holdings Limited ("Kwung's") successfully went public on the main board of Hong Kong Stock Exchange with the stock code of 1925.HK. The trading of its shares started at 9:30 am that day. 


Founded in 1999, Kwung's is a famous original design manufacturer and supplier of home decorations (including candles, home fragrance products and other home accessories). Its products, mainly candles and home fragrance, are sold to over 20 countries and regions, including France, the United Kingdom, the Netherlands, Germany, Canada and Australia. According to a Frost & Sullivan report, in 2018, it ranked second in China in terms of the revenue from candle manufacturing and sales, and fourth from home fragrance product manufacturing and sales. 


As the Chinese legal counsel for the issuer, the DeHeng team, led by partner Su Qiyun, Liu Shuang and Zhang Xin, with primary support from lawyers Huangfu Tianzhi, Wang Yang, Xu Xiaohang, Zhang Zhipeng and Lou Mohan from its Shenzhen and Hangzhou offices, provided whole-process professional legal services for the IPO, and assisted the sponsor, China Industrial Securities International with due diligence in Mainland China and setting up red chip structure. DeHeng will continue to provide high-quality legal services in the capital market as always, to facilitate clients’ rapid growth and identify and create value in the capital market. 

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