Dali Food Group Co., Ltd. (Dali Group) was listed on the main board of HKSE on November 20, 2015 with the stock code “3799”. Dali Group issues 1.69 billion shares at HK$ 5.25/share and raises HK$ 8.646 billion.

This deal is the largest IPO of mainland private companies this year, as well as the largest IPO for food and beverage industry of 2015 in the world.

Dali Group owns brandnames like Copico, Heqizheng, Hi-Tiger, Daliyuan, Haochidian, etc. It offers 6 categories of products including pastries, fried chips, biscuits, herbal tea, compound protein beverage and energy drinks.

By the end of 2014, Dali Group is no.1 in the pastries market with 21.9% market share; no. 2 in biscuits and compound protein beverage market with market share of 4.5% and 16.3% respectively; rest of its products are all among top 3 in the market. Net profit for the group in the first half of 2015 has already exceeded 1.5 billion yuan.

Role of Jingtian & Gongcheng: PRC legal counsel for Dali Group