Stephenson Harwood advises Fujian Nuoqi on H-share listing on Hong Kong Stock Exchange

Stephenson Harwood has advised Fujian Nuoqi on its H-share listing on the Hong Kong Stock Exchange, which raised close to HKD320m (£25m) at the offer price of HKD2.13 per share.

Men’s fashion casual wear apparel company Fujian Nuoqi’s initial public offering (IPO) dealing commenced on 9 January 2014.

Headquartered in Quanzhou, Fujian Province, Fujian Nuoqi is the second Chinese enterprise to list its H shares on the Hong Kong Stock Exchange under the new overseas listing regime after the China Securities Regulatory Commission relaxed its requirements for the direct listing of Chinese enterprises overseas in January 2013.

The Stephenson Harwood team, based in the law firm’s Greater China offices, was led by partner Hilda Chiu with associates Alan Ho and Jessie Chan.