20 Oct 2025

Ashurst Advises Fujian Haixi Pharmaceutical on Successful Hong Kong IPO

"Global law firm Ashurst served as Hong Kong and U.S. counsel for Fujian Haixi Pharmaceutical Co., Ltd. (HXPharma) during its global share offering and listing on The Stock Exchange of Hong Kong. This transaction highlights Ashurst's expertise in life sciences capital markets and its role in assisting Chinese pharmaceutical companies in accessing international markets. HXPharma, which focuses on R&D, production, and sales of innovative drug candidates, has a diverse product portfolio, including generic drugs and potential first-in-class therapies. Lead partner Li Jiang emphasized the firm's commitment to supporting Chinese innovators in global capital markets."

In a recent transaction, global law firm Ashurst acted as the Hong Kong and U.S. counsel to Fujian Haixi Pharmaceutical Co., Ltd. ("HXPharma") on its global offering of shares and listing on The Stock Exchange of Hong Kong Limited (HKEx). Additionally, Huatai Financial Holdings (Hong Kong) Limited, CMB International Capital Limited, and SDICS International Securities (Hong Kong) Limited served as joint sponsors and overall coordinators, as well as joint global coordinators, joint bookrunners, and joint lead managers. The transaction involved HXPharma, a commercial-stage pharmaceutical company, successfully listing its shares on HKEx. The company integrates research and development, production, and sales, boasting a diverse product portfolio that includes generic drugs and a pipeline of innovative drug candidates targeting various therapeutic areas. The IPO highlights Ashurst's expertise in life sciences capital markets and its commitment to supporting Chinese pharmaceutical companies in accessing international capital markets. The Ashurst team was led by partner Li Jiang, supported by counsel Christy Li, associate Nicole Xu, and trainee solicitors Harry Ng and Yoyo Ho.
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