Deacons advises the sole sponsor Dakin Capital Limited and underwriters in relation to the Main Board IPO of Deyun Holding Ltd., seeking to raise up to HK$157.5 million (subject to the exercise of over-allotment option).
Deyun Holding is a long-established lace manufacturer and dyeing service provider based in Fuzhou City, Fujian, the PRC in the textile industry. It ranked the sixth among all lace manufacturers in the PRC and the fourth in the lace dyeing industry in the PRC, in terms of revenue in 2019, according to a market research report commissioned by the company.
The company published its IPO prospectus on 28 December 2020. Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 13 January 2021.