Fangda has advised Gambol Pet Group Co., Ltd. (stock code: 301498, “Gambol”) on its successful listing on the ChiNext board of the Shenzhen Stock Exchange on August 16, 2023. Gambol issued a total of 40,004,500 shares, raised just under RMB1.6 billion.

Gambol is one of the leading companies in China’s domestic pet food market and, after the listing, is likely to be the largest Chinese pet food company by market value. Gambol always adheres to the concept of “global vision, continuous innovation” and is committed to producing nutritious and healthy pet food that consumers need for their pets, aiming to become a leading pet food company both in China and internationally.

Gambol’s main business is the research and development, production and sales of pet food, including dog and cat staple foods, snacks and healthcare products. When the company started, it principally processed pet food for global retailers and pet brand operators, including Walmart, Smucker’s, and Spectrum Brands, earning Gambol a leading reputation among consumers for the quality of its products. Gambol has created a series of its own brands such as “Myfoodie”. Committed to becoming the benchmark of the domestic pet food industry, Gambol has established a certain brand image and popularity among mass consumers.

Fangda acted as legal counsel to the issuer, advising at all stages of the listing. Fangda previously acted as investor’s PRC legal counsel on Gambol’s A-round strategic financing in 2016 and then acted as Gambol’s legal counsel on its B-round financing in 2019. The team advising on this transaction was led by partners Yan Kang and Avica Wang, and team members included counsel Zhangxian Chen, and associates including but not limited to Jasmine Zhu and Tracy Cai.