13 Dec 2023

THE SECURITIES AND FUTURES COMMISSION PUBLISHED CIRCULAR ON INTERMEDIARIES ENGAGING IN TOKENISED SECURITIES-RELATED ACTIVITIES

Introduction

On 2 November 2023, the Securities and Futures Commission (the “SFC”) published a Circular on intermediaries engaging in tokenised securities-related activities (the “Circular”) to clarify regulatory expectations for intermediaries engaged in the said activities.  This Circular will supersede the Statement on Security Token Offerings published (the “Statement”) by the SFC on 28 March 2019.

7 Dec 2023

Stevenson, Wong & Co. advised Garden Stage Limited (NASDAQ: GSIW) on its successful listing on the Nasdaq Capital Market

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Garden Stage Limited (NASDAQ: GSIW) (“Garden Stage”) in the successful listing on the Nasdaq Capital Market on 1 December 2023 (the “Nasdaq Listing”). Garden Stage offered a total of 2,500,000 ordinary shares, priced at US$4.00 per share (the “Offering”). The aggregate gross proceeds from the offering was US$10 million.