Han Kun Law Offices, through teams in mainland China and Hong Kong, has served as legal counsel to Chongqing Industrial Investment Parent Fund Enterprise Partnership (L.P.) ("Chongqing Industrial Investment Parent Fund") for its participation as a cornerstone investor in the Hong Kong initial public offering (IPO) of Seres Group Co., Ltd. (stock code: 09927.HK). Han Kun provided comprehensive legal services throughout the process, including conducting legal due diligence on Seres, reviewing and revising legal documents related to the cornerstone investment, assisting with the completion of overseas investment filing, and overseeing the cornerstone investment subscription process in its entirety.
Chongqing Industrial Investment Parent Fund is a limited partnership established in the PRC, which is primarily engaged in investment and asset management. Seres is the first new energy vehicle company in Chongqing to achieve dual listings on both the A-share and H-share markets. This global offering of over 100.2 million H-shares raised more than HK$13 billion, making it the IPO project with the largest fundraising scale by an automaker on the Hong Kong stock market this year. 22 cornerstone investors participated in the offering, including government funds and renowned domestic and international industrial capital and financial institutions. Chongqing Industrial Investment Parent Fund has subscribed for over HK$2.176 billion worth of shares, which is the largest amount among the subscriptions of all cornerstone investors.
