Finding Nemo ‘tough due diligence’ for Haichang’s Hong Kong IPO

Haichang Holdings’ US$316 million initial public offering (IPO) in March was the first by a theme park operator in Hong Kong, and as such brought some unique and slippery challenges, according to a lawyer involved with the deal.

“One of the unique challenges was the due diligence in counting the number of fish – they wouldn’t stay still!” Dieter Yih, a Hong Kong partner at Milbank Tweed Hadley & McCloy, wryly revealed to China Business Law Journal.