Freshfields Bruckhaus Deringer, Jun He Law Offices and Lee and Li Attorneys-at-Law are advising a Shanghai-based superstore operator on its $1.1 billion Hong Kong initial public offering.
With a 12 percent market share, Sun Art Retail Group Ltd., a joint venture between Taiwanese conglomerate Ruentex Group and private French retailer Groupe Auchan SA, is the largest hypermarket operator in China, ahead of international competitors Wal-Mart Stores, Inc., and Carrefour SA.
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