Deloitte China assists listing of MOKINGRAN on SEHK

Deloitte China supported the listing of MOKINGRAN Jewellery Group Co. (MOKINGRAN, stock code: 02585.HK) on the Stock Exchange of Hong Kong (SEHK) on 29 November 2024.

IIn this offering, MOKINGRAN raised around HKD527 million by issuing 43,956,800 H Shares.

Listing ceremony of MOKINGRAN at the Stock Exchange of Hong Kong

(From left) Liu Tong, Deloitte China Audit & Assurance (A&A) Data Analytics director; Emma Ma, A&A manager; Alicia Zhou, A&A senior manager; Patrick Lung, A&A partner; Ernest Lee, Technical partner and a member of the Listing Committee of the Stock Exchange of Hong Kong; Zhong Shan Wang, chairman of MOKINGRAN; Ben Yam, Deloitte China NR A&A leader and leader of Northern Region Offering Services, Capital Market Services Group; John Sui, A&A partner; George Zhi, A&A manager; and Madelyn Gong, A&A Data Analytics manager attend the listing ceremony of MOKINGRAN at the Stock Exchange of Hong Kong

Client overview

MOKINGRAN is a gold jewellery original brand manufacturer (OBM) and one of the very few with an operation that encompasses key stages of the gold jewellery industry, from raw material sourcing and purification, research and development, product design and manufacturing to retailing through its diversified sales network.

MOKINGRAN is the only gold jewellery brand in China that was ranked consecutively in the top five of both the ‘‘Top Ten Enterprises in Gold Jewellery Processing Volume’’ and the ‘‘Top Ten Enterprises in Gold Jewellery Sales Revenue’’ by the China Gold Association from 2018 to 2023.

Source: MOKINGRAN’s IPO prospectus published on 21 November 2024

Deloitte’s role

As one of the core service institutions, Deloitte China has been deeply involved in the entire process of offering reporting, fundraising and listing for MOKINGRAN. Our engagement team maintained a dedicated, conscientious attitude with a high-quality philosophy of diligence and excellence. We delivered the highest quality of professional services using our rich industry experience.

We first assisted MOKINGRAN to file an A-share IPO application. After MOKINGRAN decided to list in Hong Kong instead, our engagement team assisted MOKINGRAN in submitting its application to the Stock Exchange of Hong Kong within three months, and then successfully obtained the filing notification of full circulation of overseas listed and domestic unlisted shares from the China Securities Regulatory Commission within the subsequent four months. The engagement team helped the company to seamlessly switch its plan for an A share IPO to a Hong Kong listing. We successfully completed all stages of the Hong Kong listing and cooperated with all related professional parties to list MOKINGRAN on SEHK.

Deloitte China congratulates MOKINGRAN on its successful listing on SEHK. We will continue to provide high quality professional services and outstanding resources integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.