On December 29, 2020, Huisen Household International Group Limited ("Huisen Intl"; Stock Code: 02127.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX).
Huisen Intl is a mainland China-based furniture manufacturer and the country’s largest panel furniture exporter in terms of export value in 2019. According to Frost & Sullivan, the company held a share of approximately 3.92% of the Chinese panel furniture export market in 2019. The total export value of China's second, third, fourth and fifth-largest panel furniture exporters only accounted for approximately 1.81% of the total export value of Chinese panel furniture. The company's furniture products are sold to customers in more than 55 countries and regions worldwide, including the U.S., Canada, Singapore, and other Asian and European countries. The company is also Wal-Mart's only panel furniture supplier in China.
As the Chinese legal adviser to the sponsor, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the IPO and listing of Huisen Intl, including conducting Chinese legal due diligence, assisting in third-party due diligence and assisting in answering inquiries from the regulator, further strengthening its relationship with the client.