On December 10, 2024, Mao Geping Cosmetics Co., Ltd. (1318.HK, Mao Geping), successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx). The IPO was positively responded by the market and the public offering was oversubscribed for more than 900 times. The company also exercised the offer size adjustment option and the total fund raised was eventually increased to approximately HKD2.34 billion. CBI is honored to participate in the due diligence work for this IPO Project.
Mao Geping is a leading Chinese premium beauty group founded in 2000. The company primarily operates two beauty brands, MAOGEPING and Love Keeps. In addition to its beauty products, the company has also established nine Institutes of Makeup Artistry in China and offers various in-person makeup training programs to customers.
In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the group company, its directors, senior management, shareholders, suppliers and customers. In addition to the basic information such as litigation, bankruptcy, winding-up and media records, CBI also assisted the sponsor team in conducting Global Compliance Check and Reputation Intelligence. The due diligence project globally covers 8 countries and regions, including China, Hong Kong, Australia, Canada and Greece, etc.