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Junfun Investment’s Acquisition of Majority Shareholding of Grand Concord International

Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it represented Junfun Investment Limited in its acquisition of 58.71% of the shareholding of Grand Concord International Holdings Limited (“GCI”) at US$49.36 million.

After the completion, Paul Hastings will continue to advise the client on a mandatory unconditional cash offer for all the issued shares of GCI under the Takeovers Code. GCI is a manufacturer of functional and customized fabrics for major lingerie and apparel brands.

The Paul Hastings team was led by corporate partner Nan Li, with support from associates Bonnie Kong and Matt Li.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.