HONG KONG, 23 February 2007 – Morrison & Foerster represented China Huiyuan Juice Group Limited in its US$300 million (HKD 2.4 billion) initial public offering on the Hong Kong Stock Exchange.  China Huiyuan (Stock Code: 01886) is a leading fruit and vegetable juice manufacturer in China, holding 42% of the market share for pure-fruit juice beverages. 

China Huiyuan is the largest Hong Kong IPO year to date.  Trading commences today on 23 February 2007.

Morrison & Foerster also represented the company last year in a series of convertible bonds and share placements that raised an approximate total of US$222.25 million (HKD 1.7 billion).  Investors included, among others, Group Danone, Warburg Pincus and Holland Development Bank.  Danone, one of the largest dairy food producers in the world will have a 22.18% shareholding in China Huiyuan, which includes US$122 million (HKD 950 million) in new shares acquired at the IPO price.  With Danone's new subscription, the total amount raised by the company in the IPO exceeds over US$400 million (HKD 3.1 billion).

The Morrison & Foerster IPO team was led by Hong Kong partners Xiaohu Ma and Ven Tan.