Jingtian & Gongcheng Advises Morris on its HKD 218.6 Million IPO and SEHK Listing
Date:2017-03-06

Morris Holding Co., Ltd. (“Morris”, 01575.HK) was successfully listed on the Main Board of HKEX on January 12, 2017. Morris issues 250 million shares at a price of HK$ 1.05/share and net proceeds raised is about HK$ 218.6 million.

 

Morris is one of the leading and prestigious exporter of sofa and sofa cover. It designs, produces and sells various sofas, sofa covers and other furniture by OEM, ODM and OBM. Morris sells all kinds of sofas, including functional and non-functional sofas (with or without intelligence functions) and sofa covers under the brand name “Morris Holdings Limited” to overseas market (including USA, Canada, UK, Australia, Ireland and Korea). It sells other furniture products domestically through its direct sales store under the brand name of “Morris Zou”. According to Euromonitor’s report, in terms of export value to USA in 2015, Morris is among the top 3 Chinese soft sofa makers.

 

Jingtian & Gongcheng is the legal counsel to the underwriter to provide comprehensive legal services.

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