SW acted as the legal advisers to Kin Pang Holdings Limited (01722) (“Kin Pang”) in the successful listing of Kin Pang on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
The shares of Kin Pang were listed on the Stock Exchange on 15 December 2017. 250 million shares were offered, among which 175 million were offered for placing and 75 million for subscription by the public. The final offer price was HK$0.48 per offer share and the net proceeds amounted to approximately HK$71.5 million.
Kin Pang is an integrated construction contractor which provides building and ancillary services and emergency repair services, solely in Macau. Since 2006, Kin Pang has accumulated experience in providing a wide spectrum of construction services and its services are required in various building and construction projects in relation to hotel and casino resorts, infrastructures of electricity and water supply, and public amenities and utilities (such as carriageways, footpaths, drains and sewers).