Deacons advises Fulum Group Holdings Limited on its Main Board IPO

Following the successful listings of Tsui Wah, Xiao Nan Guo and Hung Fook Tong, Deacons furthers its record of advising iconic Hong Kong F&B brands by acting for Fulum Group Holdings Limited in its Main Board IPO. This is set to launch on 4 November 2014 and expected to raise up to HK$539.5 million (subject to the exercise of over-allotment option).   

Fulum Group is one of the top three restaurant chains serving Chinese cuisine in Hong Kong and one of the top two restaurant chains serving Cantonese cuisine in Hong Kong, based on 2013 sales revenue.

Fulum Group is expected to be listed on the Main Board of the Hong Kong Stock Exchange on 13 November 2014.

The Deacons' team is led by Ronny Chow, head of the corporate finance group.  Ronny also led the team in advising Tsui Wah and Xiao Nan Guo (the only two restaurant chains successfully listed in 2012), and Hung Fook Tong (which was successfully listed in July 2014).

Deutsche Securities Asia Limited is the sole sponsor.  Deutsche Bank AG, Hong Kong Branch and BOCI Asia Limited are the joint global coordinators, joint bookrunners and joint lead managers. Paul Hastings advises the sole sponsor and the underwriters.

Key Contacts

Ronny Chow

Partner | Corporate Finance

Email or call +852 2825 9435