TOP TOY makes another push for Hong Kong IPO: Citic Securities exits as sponsoring institution, with the Ye family holding over 60% of controlling stakes.

On the evening of April 7th, news came that recently, Dachao Wan International Group Limited, a trendy toy collection brand under Miniso, once again submitted its prospectus to the Hong Kong Stock Exchange Main Board, initiating a second push for its Hong Kong IPO. It is worth noting that there has been a change in the sponsor of this submission compared to the previous one, with CITIC Securities leaving the ranks of sponsors. They are still the overall coordinator, with Morgan Stanley and UBS Group as joint sponsors.