Morrison & Foerster represented the controlling shareholders on their approximately HK$5 billion block trade of shares in Shenzhou International Group Holdings Limited (Stock code: 2313.HK). HSBC was the sole placing manager.
Shenzhou International is a constituent stock of Hang Seng Index. As one of the largest vertically integrated knitwear manufacturers in China, the Group focuses on producing sportswear, casual wear and lingerie wear for major international renowned clients including NIKE, UNIQLO, ADIDAS and PUMA.
The MoFo team was led by Hong Kong Corporate partner Vivian Yiu and included Hong Kong Corporate associate Ian Tam and trainee solicitor Ellie Xu.