Paul Hastings, a leading global law firm, announced today that the firm advised Morgan Stanley as the sole sponsor and sole global coordinator, and Morgan Stanley and CMB International as the joint bookrunners and joint lead managers in Bestway Global Holding Inc.’s (“Bestway Global”) US$149 million Hong Kong IPO. Bestway Global is a Shanghai-headquartered Chinese maker of outdoor leisure products including above-ground pools, portable spas, sporting goods and camping products.

Paul Hastings has worked on several Hong Kong IPOs this year including advising the largest Henan city commercial bank Zhongyuan Bank on its US$1.04 billion Hong Kong IPO, and advising the joint underwriters on Hong Kong apparel manufacturer Crystal Group’s recent US$491 million Hong Kong IPO.

The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and partners Zhaoyu Ren and Bonnie Yung, with support from associates Jason Wang, Gladys Tso and Qianyu Hu.