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JunHe Advised DPC Dash on its Listing on the Main Board of the SEHK

2023.03.28

On March 28, 2023, 12,799,000 ordinary shares were globally offered by DPC Dash Ltd (DPC Dash or the Issuer, stock code: 1405.HK) and listed on the main board of the SEHK (the Listing or the Project). The offer price was HK$ 46.00 per share and approximately HK$ 589 million was raised through the Listing. DPC Dash is the first catering company to be listed in Hong Kong in 2023. 


Domino’s Pizza is the world’s largest pizza company in terms of 2022 global retail sales. As of January 1, 2023, it operated more than 19,800 stores in over 90 markets around the globe. DPC Dash is Domino’s Pizza’s exclusive master franchisee in mainland China, Hong Kong and Macau. As of March 6, 2023, DPC Dash has 604 directly operated stores in 17 cities in China including Beijing, Shanghai, Shenzhen and Guangzhou. According to Frost & Sullivan, DPC Dash is the third largest pizza company in China in terms of 2022 sales revenue and the fastest growing company among the top five pizza brands in China. 


Since 2021, JunHe has acted as the PRC legal counsel to the Issuer. JunHe provided whole-process legal services for the Listing, which included drafting PRC legal opinions for the Issuer’s pre-IPO financing, conducting legal due diligence on the Issuer’s domestic subsidiaries and stores, issuing PRC legal opinions for the Listing, drafting PRC law-related chapters of the prospectus, and drafting replies to the PRC legal issues raised by the SEHK and the SFC. JunHe also advised the Issuer on data compliance with PRC laws in the project. JunHe’s rigorous and efficient working style and meticulous and dedicated service attitude have won unanimous recognition and high trust from the Issuer, the sponsor and other intermediaries.


The project was led by JunHe partners YI, Yisong and TAO, Xudong and internally reviewed by partner SHANG, Shiming (George). Partner DONG, Xiao (Marissa) provided strong support on matters such as data compliance, cybersecurity and data export and partner ZHANG, Wan provided expertise on labor compliance issues. 

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.
As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.