Stevenson, Wong & Co. advised Pacific Legend Group Limited (“Pacific Legend”, Stock Code: 8547.hk) as its Hong Kong legal advisers on its initial public offering (“IPO”) on GEM of Hong Kong Stock Exchange.
The IPO comprised an issue of a total of 250 million shares priced at HK$0.30 per share, raising gross proceeds of approximately HK$75 million.
Pacific Legend principally operates three lines of business, namely, (i) sale of home furniture and accessories; (ii) rental of home furniture and accessories; and (iii) project and hospitality services, which typically involve styling, decorating and furnishing commercial or residential properties such as hotels, serviced apartments and show flats.
The SW team was led by corporate partners Hank Lo and Cornelia Chu and senior associate Terence Lau, supported by registered foreign lawyer Matthew Chan.
The Sole Sponsor was Success New Spring Capital Limited. The Joint Lead Managers and Joint Bookrunners were Aristo Securities Limited, Supreme China Securities Limited, Opus Capital Limited and Success Securities Limited.