Drew & Napier acted for Super Hi International Holding Limited in its Initial Public Offering by way of introduction on the Main Board of the Hong Kong Stock Exchange

27 Mar 2023

A Drew & Napier team, led by Director Wu Geng and comprising Senior Associate Joelle Fang and Legal Executive Zhang Yueyun, acted as legal advisers on Singapore law to Super Hi International Holding Limited (“Super Hi”) in its listing by way of introduction on the Main Board of the Hong Kong Stock Exchange (“HKEX”) on 30 December 2022.

Before the spin-off listing, Super Hi was a component of Haidilao International Holding Limited (“Haidilao”), a leading global and fast-growing Chinese restaurant brand focusing on hot pot cuisine. Super Hi serves as a self-operated restaurant brand for Haidilao's hot pot offerings in the international market. Since opening the first restaurant in Singapore in 2012, Super Hi has opened 110 restaurants in 11 countries across four continents, including Thailand, Vietnam, Malaysia, Indonesia, Japan, Korea, the United States, Canada, the United Kingdom, and Australia.

Director Wu Geng and his team had also previously acted as the Singapore legal advisor for Haidilao's US$964 million global offering of 424,530,000 shares on the Main Board of the HKEX in 2018 (“Global Offering”). The Global Offering, priced at HK$17.80, represented 8% of Haidilao's total share capital and gave it a valuation of approximately US$12 billion.

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