Deacons advises on Main Board IPO of Hingtex Holdings Limited

We advise the sole sponsor Shenwan Hongyuan Capital (H.K.) Limited and underwriters in relation to the Main Board IPO of Hingtex Holdings Limited. 

Hingtex Holdings is a long-established denim fabric manufacturer that supplies denim fabrics primarily for the production of denim garment of certain reputable U.S. apparel brands. It ranked seventh and second in the middle- to high-end denim fabric manufacturing industry in China and South China (which includes Guangdong Province, Hainan Province and Guangxi Zhuang Autonomous Region), respectively in terms of production value in 2017, according to a market research report commissioned by the company.

Hingtex Holdings published its IPO prospectus on 28 June 2018, seeking to raise up to HK$224 million (subject to the exercise of over-allotment option).  Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 16 July 2018.

Our team is led by Rhoda Yung, Partner of our Corporate Finance Practice Group.