Clifford Chance

Clifford Chance advises on Anjoy Foods Group's IPO and listing in Hong Kong

Global law firm Clifford Chance has advised Goldman Sachs and CICC as the joint sponsors and underwriters of the H share initial public offering and listing of quick-frozen food company Anjoy Foods Group on the Main Board of the Hong Kong Stock Exchange, raising approximately US$306 million.

Established in 2001 and listed on the Shanghai Stock Exchange in 2017, Anjoy Foods is a leading quick-frozen food company in Mainland China. Its product portfolio includes quick frozen flavored and processed products, quick-frozen prepared dishes and quick-frozen flour and rice products.

Chair of China Practice and partner Tim Wang said, "We are delighted to support Anjoy Foods on its landmark share listing in Hong Kong, which reflects the resurgence and momentum of the city’s capital markets."

Tim and partners Jean Thio and Virginia Lee co-led the transaction, with support from a team in Beijing, Hong Kong, Shanghai and Singapore, consisting of counsel Claire Cao, senior associates James Zhang and April Zhang, associates Yuer Shao, Rita Cao and Xiao Tang, trainee solicitors Changle Xu and Zhongxiao Cong and legal specialist Janssen Yang.

Clifford Chance has advised on the successful A+H share listings of Mainland China-listed companies, most recently advising on Foshan Haitian Food and Flavoring’s US$1.29 billion listing and Zhejiang Sanhua Intelligent Controls' US$1.19 billion listing.