Press Release

Morrison & Foerster Advises Macquarie in Man Wah Holdings' US$242 Million Hong Kong IPO and Green Shoe Exercise

05 May 2010
Hong Kong (May 5, 2010) – Morrison & Foerster represented Macquarie Capital Securities Limited as sole sponsor and sole lead manager in the initial public offering of Chinese furniture manufacturer Man Wah Holdings Limited (“Man Wah”) on the Hong Kong Stock Exchange.  The underwriters exercised the over-allotment option last week, increasing the total amount raised to US$242 million.  

Man Wah is a well-known, China-based manufacturer and retailer of reclining sofas.  The company is using the proceeds to construct new manufacturing facilities, and expand its retail network, in mainland China.

Morrison & Foerster Partner Stephen Birkett and Of Counsel Raymond Oh led the team on Hong Kong aspects, and Partner Christopher Forrester on U.S. law aspects arising in connection with the international placing of the shares.



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