Han Kun and Han Kun Hong Kong advised Luyuan Group Holding (Cayman) Limited on its listing on the Main Board of the Hong Kong Stock Exchange
October, 2023 - beijing, Mainland China
Han Kun Law Offices and Han Kun Law Offices LLP ("Han Kun Hong Kong"), as PRC and Hong Kong legal advisors, represented Luyuan Group Holding (Cayman) Limited ("Luyuan Group Holding", Stock Code: 2451) in connection with its initial public offering in Hong Kong and Regulation S offering of an aggregate of 106,667,000 ordinary shares. The ordinary shares of Luyuan Group Holding are listed on the Hong Kong Stock Exchange. Luyuan Group Holding is the first red-chip company that completed filing procedures with the China Securities Regulatory Commission of the PRC in connection with its overseas offering and listing. China Securities (International) Corporate Finance Company Limited acted as sole sponsor.
Luyuan Group Holding is an electric two-wheeled vehicle provider in mainland China. Luyuan brand has over 20 years of history in mainland China's electric two-wheeled vehicle industry, focusing on design, research and development, manufacturing and selling of electric two-wheeled vehicles, and participated in developing industrial standards. Luyuan Group Holding was the fifth largest manufacturer of electric two-wheeled vehicles in mainland China in terms of total revenue in 2022.
