SW has advised the sponsor and underwriters of Royal Deluxe Holdings Limited (Stock Code: 3789) (“Royal Deluxe”) in its successful listing of shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
Photo of Mr. Joseph Wang, chairman and CEO of Royal Deluxe Holdings Limited (on the right) and our Rodney Teoh (on the left)
The shares were listed on the Stock Exchange on 8 February 2017. 300 million shares were offered. The final offer price was HK$0.56 per offer share and the net proceeds amounted to approximately HK$99.6 million.
Royal Deluxe and its subsidiaries (the “Group”) are a major subcontractor specialising in providing formwork erection and related ancillary services in Hong Kong. The Group has participated in a number of large-scale construction projects. Its direct customers are main contractors of building construction and civil engineering projects while its ultimate customers are owners of such projects, including the Hong Kong government, a public transport operator, a theme park and resort operator and property developers.
Photo of Mr. David Lo, Associate Director of Frontpage Capital Limited (on the right) and our Rodney Teoh (on the left)
We acted for Frontpage Capital Limited as the sponsor and joint lead manager, Huajin Securities (International) Limited and Pacific Foundation Securities Limited as joint lead managers, as well as other underwriters.
Our team was led by our partners Eric Lui and Rodney Teoh, supported by Phiona So (associate), Veronica Cheung (associate), Jensen Chang (trainee solicitor), Connie Wu (legal executive) and Jane Yip (paralegal).