Global law firm Norton Rose Fulbright has advised CIMB Securities Limited (CIMB) as sole sponsor and the consortium of underwriters on the initial public offering of Evergreen Products Group Limited (Evergreen). This is the first listing on the Hong Kong Stock Exchange of a company with main business operations and manufacturing base in Bangladesh.
CIMB is a company that provides banking products and services, investment banking and equities brokerage and research coverage services. These are service/product offerings by CIMB in general and are not particularly for this transaction.
Evergreen is the leading global manufacturer of hair goods, including wigs, hairpieces, braids and high-end human hair extensions. Evergreen designs, manufactures and sells a wide range of hair goods, with their principal market being the United States.
The Norton Rose Fulbright team was led by partner Terence Lau, with assistance from partner Allan Yee, senior associate Priscilla Lee and associates Patrick Wong and Kelly Tsoi.
Terence Lau, corporate and capital markets partner at Norton Rose Fulbright commented:
“We are delighted to have advised on the first listing of a Bangladesh business on the Hong Kong Stock Exchange. Bangladesh is a popular frontier market. As one of the participating countries of China’s “One Belt, One Road” initiative, Bangladesh will benefit from the initiative and keep its growth momentum in various business sectors. We expect that there will be more businesses or infrastructure projects in the “One Belt, One Road” countries seeking for listings on the Hong Kong Stock Exchange in the near future.”
For more information please contact:
Kate Farrell, Public Relations Executive
Tel: +44 (0)20 7444 3724; Mob: +44 (0) 7515 324 290
Notes for editors:
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