On November 10, 2023, Folangsi Co., Ltd. (" Folangsi ")(02499.HK) was successfully listed on the main board of the Stock Exchange of Hong Kong.

 

Folangsi is a leading provider of floor logistics equipment solutions, mainly providing floor logistics equipment subscription services, maintenance and repair services and floor logistics equipment and accessories sales. The company takes the on-site logistics equipment subscription service as the core, aiming to provide one-stop solutions for the use and management of on-site logistics equipment for enterprises.

 

The intermediary team for this listing includes:

Haitong International Capital as the sole sponsor;

O’Melveny & Myers acted as the Company's legal advisers in Hong Kong and the U.S, laws, while Jingtian & Gongcheng and Zhong Lun Law Firm acted as the Company's legal advisers in PRC law;

Norton Rose Fulbright acted as legal advisor to the underwriters in Hong Kong law and King & Wood acted as legal advisor to the underwriters in PRC law;

Ernst & Young provided audit services;

China Insights is an industry consultant.