Stevenson, Wong & Co. assisted Future Bright Mining Holdings Limited (2212.hk) in its IPO on HKEx
SW assists Future Bright Mining Holdings Limited (Stock Code: 2212), a marble mining company focusing on developing its Yiduoyan Project, an open pit mine located in Hubei Province, China, to list on the Main Board of The Stock Exchange of Hong Kong Limited. SW acted as the legal adviser for the company.
Photograph of Mr. Guo Xiao Ping (middle), chairman and chief executive officer of the Company; ETR Law Firm (sponsor’s PRC legal adviser) team members for the listing project, including Mr. Jeffrey Quan (second from left), Ms. Isabella Yang (on the left) and Ms. Stacy Yu (on the right); and SW team members for the listing project, Mr. Hank Lo (fourth from left), Ms. Eva Lee (fourth from right), Mr. Stephan Chan (second from right), Mr. Horace Chan (third from left) and Mr. Joe Lee (third from right) taken at the listing ceremony:
The shares were listed on The Stock Exchange on 9 January 2015. 88 million shares were offered, among which 79.2 million were offered for international placing. The final offer price was HK$0.88 per offer share and the net proceeds amounted to HK$56 million.
Future Bright is a marble mining company and have been focusing on developing its Yiduoyan Project, which is an open pit mine located in Hubei Province of China. As at 1 July 2014, in accordance with JORC Code, the Yiduoyan Project total resource is 10.7 million m3, and its total reserve is 0.91 m3. The Company commenced limited commercial production in September 2014. Marble blocks mined from its Yiduoyan Project are the Company’s principal product.
Guotai Junan Capital Limited acted as the sole sponsor for the Company.
Please contact our Hank Lo for any enquiries or further information about this transaction.