China Treasures successfully landed on the Hong Kong Stock Exchange
2023-03-31
On March 31, 2023, China Treasures New Materials Group Ltd. ("China Treasures") (02439.HK) was successfully listed on the main board of the Stock Exchange of Hong Kong.
China Treasures is a leading manufacturer of disposable biodegradable plastic products in China. The company integrates the production and sales of biodegradable materials and non-biodegradable automotive plastic parts, and invests in the research and development of biodegradable plastic products. At present, China Treasures has 2 invention patents and 29 utility model patents.
The intermediaries for this listing include:
Soochow Securities International Capital is the sole sponsor;
Hylands Law Firm acted as PRC legal counsel for the issuer and Morgan, Lewis & Bockius acted as Hong Kong legal counsel for the issuer;
GFE Law Office acted as PRC legal counsel for the underwriter and King & Wood Mallesons acted as Hong Kong legal counsel for the underwriter;
Mazars CPA Limited is the auditor;
Frost & Sullivan is an industry consultant.
