Walkers Advised on the Global Offering of LH GROUP LIMITED

Leading offshore law firm Walkers is pleased to announce that it represented LH GROUP LIMITED ("LH Group") as the Cayman counsel in its global offering and listing on the Main Board of the Hong Kong Stock Exchange (Stock Code: 1978). The offering was completed on 30 May 2018 and was almost 1,087 times oversubscribed, the most ever among food and beverage stocks in the Hong Kong market.

LH Group is the second-largest full-service Japanese cuisine restaurant group in Hong Kong. The total proceeds from the global offering were approximately HK$220 million, and the proceeds of the global offering will mainly be used to expand self-owned and franchised restaurants network in Hong Kong.

The Walkers team was led by Jenny Nip, a partner of the Hong Kong office, and assisted by Ally Lam and Jacqueline Ho.

“We are very pleased to have acted as the Cayman counsel for LH Group,” said Jenny. “LH Group is a well-known restaurant group in Hong Kong and its initial public offering is supported by reputable cornerstone investors including the MTR chairman Frederick Ma Si-hang. We have enjoyed working with LH Group and all the professional parties in achieving this successful listing and global offering and the sweetest moment at the listing ceremony was a cleaning lady of one of the restaurants within the group striking the gong with the Chairman to mark the commencement of trading."

HONG KONG
Ally LamSenior AssociateT +852 2596 3361ally.lam@walkersglobal.com
Jacqueline HoSenior ParalegalT +852 2596 3322jacqueline.ho@walkersglobal.com