Deacons advises the sole sponsor South China Capital Limited and underwriters in relation to the Main Board IPO of MBV International Limited.
The company is principally engaged in sourcing, wholesaling, supplying and marketing imprintable apparel and gift products all across Malaysia and in Singapore. It was the largest imprintable apparel provider in Malaysia in terms of revenue in 2018, having a market share of approximately 25.0%, according to a market research report commissioned by the company.
The company published its IPO prospectus on 16 March 2020, seeking to raise up to approximately HK$138 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 27 March 2020.
Our team is led by Kelvan Cheung, Partner of our Corporate Finance Practice Group.