Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited (stock code: 1379) (“Wenling Zhejiang Measuring and Cutting Tools”) in respect of its successful H shares listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
We are pleased to announce that our firm’s SW Private practice and Head of department, Ms. Catherine Por has for 3 consecutive years been recognised by the Chambers and Partners Asia-Pacific Guide.
We are proud to announce that our firm’s Partner, Ms. Sherlynn G. Chan, has been named the winner of the Vulnerable Client Advisory Practice of the Year category at the STEP 2020/21 Private Client Awards (STEP Awards). Stevenson, Wong & Co. is the sole Hong Kong domestic law firm recognised by the STEP awards this year.
Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Oriental Culture Holding LTD (NASDAQ: OCG) (“Oriental Culture”) on its successful listing on the Nasdaq Capital Market on 15 December 2020. Oriental Culture offered a total of 5,065,000 shares priced at US$4.00 per share, raising gross proceeds of approximately US$20,260,000.
On 27 November 2020, The Stock Exchange of Hong Kong Limited (the “Exchange”) published a consultation paper (the “Consultation Paper”) introducing its proposal to increase the profit requirement for a Main Board listing. Under the proposed changes, the Profit Requirement (defined below) will undergo either a 150% or a 200% increase, as explained further below. The consultation will last for two months, ending on 1 February 2021.
Our Senior Associate Mr. Terence Lau presented a webinar for The Hong Kong Institute of Chartered Secretaries (“HKICS”) entitled “IPO 101: An Overview of a Listing Project” on 18 November 2020. In this course, Terence offered a detailed explanation of listing criteria as well as suitability for listing. The syllabus dissected IPO projects and included topics such as reorganisation, due diligence, prospectus drafting and share offer. The webinar also gave an overview of the IPO process pre-IPO investment.