DeHeng Advised Kelfred Holdings Limited

on the Listing on SEHK Main Board

2019-07-16

On July 16, Kelfred Holdings Limited (Stock code: 01134.HK) was successfully listed on the main board of the Stock Exchange of Hong Kong, and DeHeng provided whole-process legal services for the initial public offering.

Founded in 1986, Kelfred is a famous eyeglass manufacturer. It employs ODM and OEM models to produce and sell a variety of optical eyeglass frames and sunglasses and provide customers with generic and customized services, including product design and development, raw material procurement, production, quality control, packaging and delivery. It has two main production bases, located in Shenzhen and Jiangxi respectively. In the past more than 30 years, Kelfred has established a wide network of well-known clients around the world, with the ability to produce quality eyewear products under client-designated brands. Its products are shipped to 36 countries, including the Netherlands, Italy, the United Kingdom and the United States. 

The DeHeng team, as the sponsor's domestic legal advisor in China, was composed of such lawyers as Su Qiyun, Liu Shuang, Huangpu Tianzhi, Wang Yang, Li Junheng, Chen Siyi, Zhang Zhipeng and Qin Yuge of the Shenzhen Office, and provided professional, high-quality and comprehensive legal services for the client. Specifically they designed the corporate restructuring and the IPO scheme, conducted independent due diligence and verification of Kelfred’s domestic subsidiaries, reviewed Chinese legal opinions, helped revise the part involving domestic issues in the Chinese and English versions of prospectus, and assisted the sponsor in answering questions concerning domestic legal matters raised by SEHK from time to time during the IPO review.