On November 29, 2024, Mokingran Jewellery Group Co., Ltd. (2585.HK, Mokingran) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx), raising approximately HKD527 million. CBI is honored to have participated in the due diligence work for this IPO project.

Mokingran is a gold jewellery Original Brand Manufacturer, focusing on markets in third and lower-tier cities in the PRC. Their operations cover key stages of the gold jewellery industry, from raw material sourcing and purification, R&D, product design, and manufacturing to retailing through their diversified sales network. The company has a comprehensive franchise network with nearly 3,000 franchise stores in China, along with other sales channels including self-operated stores, online stores, and e-commerce platforms.

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its directors, shareholders, suppliers and customers. This included providing information on litigation, media, and global compliance records in China and Hong Kong. CBI also assisted the sponsor team in handling reputation intelligences and reference checks.