Appleby acted as BVI counsel to Tianjin Fushida Bicycle Co., Ltd. (Stock Code: 603468) (the “Company”, together with its affiliated companies, the “Group”) in relation to its listing on the Main Board of the Shanghai Stock Exchange on 6 August 2026, surging 114.7% to a market capitalisation of RMB15.4 billion.
Founded in 2016, the Group is a leading bicycle manufacturer in China specializing in the R&D, design, production, and sales of bicycles, electric-assist bicycles, shared bikes, and their key components. The Group focuses on customised production and collaborative design and R&D (OEM/ODM), complemented by the manufacturing and sales of its proprietary brand, “BATTLE”.
Appleby’s Hong Kong team was led by Vincent Chan, Partner of Appleby’s Hong Kong office.
This transaction further demonstrates Appleby’s strong track record in advising Chinese issuers on equity capital markets transactions.