Sidley represented Tam Jai International Co. Limited (HKEX:2217) (“Tam Jai International”) as Hong Kong counsel in its initial public offering (IPO) on the Main Board of The Stock Exchange of Hong Kong (“HKEX”). The offering has raised gross proceeds of approximately HK$1.04 billion (US$134 million). Guotai Junan Capital Limited acted as the sole sponsor in the transaction. Guotai Junan Securities (Hong Kong) Limited and China International Capital Corporation Hong Kong Securities Limited acted as the joint global coordinators.
Tam Jai International is a leading and renowned restaurant chain operator which operates the TamJai Yunnan Mixian (“TamJai”) and TamJai SamGor Mixian (“SamGor”) branded fast casual restaurant chain that specializes in mixian in Hong Kong with operations also in Mainland China and Singapore. The food and service quality of our TamJai and SamGor restaurants have earned numerous awards, such as the Hong Kong Star Brand Award — Enterprise Award from the Hong Kong Small and Medium Enterprises Association for five consecutive years (2015–2019), Service & Courtesy Award — Top 10 Outstanding Service Retail Brand from Hong Kong Retail Management Association, and Deliveroo’s Most Ordered Food Deliveries — No. 1 in Hong Kong as recognized by Time Out Hong Kong.
The Sidley team was led by partner Sherlyn Lau. Other team members included counsel Iris Yuen, associates William Lau and Rachel Chan, senior corporate finance manager Hannah Wong, senior legal assistant Wendy Ho, and legal assistant Andy Tam.
The Sidley team advised on numerous Hong Kong IPOs for leading catering and restaurant companies, including Yum China Holdings, Inc. (secondary listing), Haidilao International Holding Limited, TANSH Global Food Group, and Tang Palace (China) Holdings Limited.
Sidley’s Hong Kong IPO practice continues to lead the market. According to the most recent data compiled by RyanBen Capital, Sidley remains the highest ranked legal adviser in the Hong Kong IPO league table by deal volume in the past 24 months (September 2019 to August 2021).