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O’Melveny Represents BOCOM in Connection With Acquisition of Bonjour Holdings Limited

June 10, 2020

FOR IMMEDIATE RELEASE

HONG KONG—June 10, 2020—O’Melveny represented BOCOM International as the financial adviser to the offeror in completing the mandatory general offer for all the shares of Bonjour Holdings Limited (653.HK) (“Bonjour”) following the offeror’s acquisition of a controlling stake in Bonjour. O’Melveny advised BOCOM International in connection with regulatory matters relating to the offer, including the Hong Kong Code on Takeovers and Mergers and the Hong Kong Listing Rules.

The offeror, Mr. Chen Jianwen, is the chairman of Haifu International Finance Holding Group Ltd. Prior to the acquisition, he was the second largest shareholder of Bonjour, holding approximately 19.5% shares. He acquired 40.4% of Bonjour from the original controlling shareholders at a consideration of HK$158 million (approximately US$20 million), bringing his shareholding in Bonjour to 59.9%. The acquisition triggered a change of control in Bonjour and, as a result, the offeror was required to make an unconditional mandatory general offer for all the shares held by the other shareholders of Bonjour. After completion of the offer, the offeror owns approximately 65.2% in Bonjour. Based on the offer price in the offer, Bonjour is valued at approximately US$50 million.

Bonjour is principally engaged in the retail and wholesale of beauty and health-care products in Hong Kong, Macau and China.

BOCOM International (Asia) Limited acted as the financial adviser to the offeror in the offer. BOCOM International Securities Limited acted as the agent making the offer on behalf of the offeror and as the financier to the offeror in financing the offer.

The O’Melveny team advising BOCOM International was led by partner Edwin Kwok, with support from counsel Lillian Cheung and Winnie Chan, and associate Edward Poon.

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Contact:

Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218
crieck@omm.com

Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000
cschob@omm.com