Sidley has represented Shanshan Brand Management Co., Ltd. (SEHK: 1749) (Shanshan Brand Management) in connection with its spinoff of Ningbo Shanshan Co., Ltd. by way of H-share global offering and listing on the Main Board of the Stock Exchange of Hong Kong Limited. The global offering comprised a total of 33,400,000 H shares. The total offering amount was HK$126 million (approximately US$16 million).
Shanshan Brand Management’s business primarily involves the design, marketing and sale of formal and casual business menswear in the P.R.C. under three brands, namely, FIRS, SHANSHAN and LUBIAM. Ningbo Shanshan Co., Ltd. (SSE: 600884) is an A-share company listed on the Shanghai Stock Exchange which specializes in manufacture and sale of the raw materials of lithium battery, new energy vehicle business, as well as the provision of finance leasing, commercial factoring and advisory services and investment.
The Hong Kong-based Sidley team was led by partner Sherlyn Lau, with support from counsel Iris Yuen, senior China advisor Linda Ruan and legal manager Scarlett Chen.