SW acted as legal advisers to Hang Chi Holdings Limited (Stock Code: 08405) (“Hang Chi”) to list on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
The shares of Hang Chi were listed on the Stock Exchange on 12 July 2017. 100 million shares were offered, among which 50 million were offered for placing and 50 million for subscription by the public. The final offer price was HK$0.72 per offer share and the net proceeds amounted to approximately HK$45.5 million.
Hang Chi is an established operator of elderly residential care homes in Hong Kong providing comprehensive residential care home services such as accommodation with dietician-managed meal plan, caretaking assistance, regular medical consultation and therapy through the network of “Shui On瑞安” and “Shui Hing瑞興” branded elderly residential care homes across four districts in Hong Kong.