On January 13, 2021, Grand Power Logistics Group Limited ("GP Logistics"; Stock Code: 08489.HK) completed its IPO and listing on the Growth Enterprise Market of the Hong Kong Stock Exchange (HKEX).
GP Logistics is a freight forwarder with sales operations in Hong Kong and six regional offices in Shanghai, Shenzhen, Guangzhou, Xiamen, Tianjin and Fuzhou. With a primary focus on the mainland China, Hong Kong, and Macau markets, the company provides services including cargo space procurement, warehousing and transportation, charter flight procurement, air and ocean freight forwarding services, and optional ancillary logistics services. According to China Insights Consultancy, GP logistics is one of Hong Kong's top ten freight forwarders, which cumulatively held an aggregate market share of 7.9% in 2019.
As the Chinese legal adviser to the issuer, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the IPO and listing of GP Logistics, including conducting Chinese legal due diligence, assisting in third-party due diligence and responding to regulatory inquiries. The team assisted the company in its successful listing, further strengthening our relationship with our client.