On 10 June 2025, Newtrend Group Holding Co., Ltd. (2573.HK, Newtrend Group) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx), raising a total of approximately HKD 200 million. CBI is honored to participate in the due diligence work for this IPO Project.

Newtrend Group is a China-based company mainly engaged in the manufacturing of food-grade and industrial-grade glycine and sucralose. The Company’s customers mainly include manufacturers in the industries of food and beverages, pet food, daily consumer goods, confectionery and snacks, nutritional supplements and chemical products. 

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its 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 organizational tree check, remote due diligence and operation inspection. The due diligence project globally covered 19 countries and regions, including China, Hong Kong, Egypt, Chile, the United States of America and the United Kingdom, etc.