BOCI Asia Limited acted as sponsor for Ernest Borel’s Hong Kong IPO while attorneys from Dacheng’s Guangzhou office acted as PRC legal counsel. The attorneys’ work included conducting due diligence and onshore/offshore restructurings, reviewing and revising all required legal documents, issuing attorneys’ opinion letter and answering PRC law-related questions raised by the Hong Kong Stock Exchange in its feedback on files for listing.
Ernest Borel Holdings Limited is a watch manufacturer founded in 1856 in Neuchatel, Switzerland. It currently produces traditionally styled automatic and quartz-movement wrist watches for men and women, with the majority of the product line being classic couple watches. Its long history and Swiss origin make it one of the bestselling wrist watch brands in China. According to a Frost & Sullivan report, Ernest Borel is the fourth largest wrist watch retailer in Chinese mainland in terms of retail sales value and volume and the second largest in Chinese mainland in terms of couple watch sales.