Stevenson, Wong & Co. assisted Huajin International Holdings Limited (2738.hk) in its global offering on HKEx
SW acted as legal advisers to Huajin International Holdings Limited (Stock Code: 2738) (“Huajin”) to list on the Main Board of The Stock Exchange of Hong Kong Limited (“The Stock Exchange”).
The shares were listed on The Stock Exchange on 15 April 2016. 150 million shares were offered, among which 135 million were offered for international placing. The final offer price was HK$2.38 per offer share and the net proceeds amounted to approximately HK$321.6 million.
Huajin is a leading cold-rolled carbon steel processor in Guangdong Province, PRC. According to Frost & Sullivan, in 2014, Huajin was ranked number one for its volume of production amongst cold-rolled carbon steel processors in Guangdong Province, PRC, which represented approximately 5.5% of the total production volume for that market in that year.
