Stevenson, Wong & Co. acted for Zunyi Road and Bridge Construction (Group) Limited (the “Issuer”) in its successful issue of US$165 million 7.2% 3-year bonds due in 2025. Haitong International Securities Company Limited acted as the sole global coordinator. Haitong International Securities Company Limited, Glory Sun Securities Limited, SPDB International Capital Limited and CLSA Limited acted as the joint lead managers and joint bookrunners.

The Issuer, established in the PRC, is a large construction company headquartered in Zunyi, Guizhou province. Its business primarily focuses on infrastructure projects in Zunyi and other cities in Guizhou province. The Issuer has also obtained a broad range of industry qualifications, as well as an entity credit rating of “AA+”.

Our team was led by our partner Mr. Rodney Teoh, supported by team members including Ms. Angela Lau (associate), Mr. Calvin Lo (trainee solicitor), Ms. Carmen Liu (trainee solicitor) and Ms. Celine Chen (paralegal).

Please contact our partner Mr. Rodney Teoh and associate Ms. Angela Lau for any enquiries or further information.

This news update is for information purposes only. Its content does not constitute legal advice and should not be treated as such. Stevenson, Wong & Co. will not be liable to you in respect of any special, indirect or consequential loss or damage arising from or in connection with any decision made, action or inaction taken in reliance on the information set out herein.

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Zhong Yang Financial Group Limited (NASDAQ: TOP) (“Zhong Yang”) on its successful listing on the Nasdaq Capital Market on 1 June 2022.  Zhong Yang offered a total number of 5,000,000 Ordinary Shares, priced at US$5.00 per share, raising gross proceeds of approximately US$25,000,000.

Zhong Yang is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. Its clients are mainly high volume and frequency trading institutional and individual investors in Asia. Through its trading platform, investors can trade on more than 100 futures products on multiple exchanges around the world.

Our Partners Mr. Hank Lo, Mr. Gordon Tsang, and Associate Mr. Bun Chan, acted as the Hong Kong legal counsel for the issuer in the Nasdaq Listing.

Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Hywin Holdings Ltd. (NASDAQ: HYW) (“Hywin Holdings”) on its successful listing on the Nasdaq Global Market on 26 March 2021. Hywin Holdings offered a total number of 3,000,000 American Depositary Shares, priced at US$10.00 per share, raising gross proceeds of approximately US$30,000,000. The joint underwriters were Network 1 Financial Securities, Inc., Alexander Capital L.P. and Valuable Capital Limited.

Established in 2006 and headquartered in Shanghai, Hywin Holdings is the 3rd largest independent wealth management service provider in China. The company offers wealth management services, insurance brokerage and asset management services.

Our Partner Mr. Hank Lo, Senior Associate Mr. Gordon Tsang, Associate Mr. Bun Chan, Registered Foreign Lawyer Ms. Alice Ma and Paralegal Mr. Arthur Hung, acted as the Hong Kong legal counsel for the issuer in the Nasdaq Listing. Mr. Steven Zu, Mr. Frank Xu, Ms. Joy Huang, Mr. Lin Ken and Ms. Elain Yu from our associated firm, Allbright Law Offices (Shanghai) acted as the issuer’s PRC legal counsel for the Nasdaq Listing.

Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Sundy Service Group Co. Ltd (stock code: 9608) (“Sundy Service”) in respect of its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The shares of Sundy Service were listed on the Stock Exchange on 18 January 2021. Sundy Service offered a total of 800 million shares, among which 240 million shares were offered under the Hong Kong public offering and 560 million shares were offered under the international placing (after reallocation). The offer price was HK$0.25 per offer share, and the gross proceeds from the global offering amounted to HK$200 million.

Sundy Service and its subsidiaries (the “Group”) are a reputable integrated property management service provider in the property management industry in Zhejiang province. As at 30 June 2020, it provided property management services to 33 properties covering 14 cities in People’s Republic of China, with a total gross floor area under management of over 6.4 million sq.m.. The Group was ranked 56th among the “Top 100 Property Management Companies in China” (中國物業服務百強企業) in terms of overall strength of property management in 2020. In addition, in 2019, among the Top 100 Property Management Companies headquartered in Hangzhou and Zhejiang province, the Group was ranked 5th and 7th in terms of net profit, respectively.

The sole sponsor of the listing was Cinda International Capital Limited. The joint global coordinators were Cinda International Capital Limited and Elstone Securities Limited, while the joint bookrunners were Cinda International Capital Limited, Elstone Securities Limited, CCB International Capital Limited and Crosby Securities Limited.

Our team was led by our partners Mr. Hank Lo and Mr. Rodney Teoh, supported by team members including Ms. Florence Wai (associate), Ms. Claire Sit (associate) and Ms. Doris Wang (registered foreign lawyer).

Please contact our Mr. Hank Lo or Mr. Rodney Teoh for any enquiries or further information.

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”).

The H shares of Wenling Zhejiang Measuring and Cutting Tools were listed on the Stock Exchange on 30 December 2020. Wenling Zhejiang Measuring and Cutting Tools offered a total of 20 million H shares, among which 6 million H shares were offered under the Hong Kong public offering and 14 million H shares were offered under the international placing (after reallocation). The offer price was HK$6.25 per offer share, and the gross proceeds from the global offering amounted to HK$125 million.

Wenling Zhejiang Measuring and Cutting Tools and its subsidiaries (the “Group”) are an established measuring and cutting tools trading centre operator in China. It owns, operates and manages its measuring and cutting tools trading centre in Wenling City, Zhejiang Province, the PRC (the “Trading Centre”), which has a total gross floor area of over 74,000 square metres. In 2019, the Trading Centre ranked no.1 in China in terms of revenue of China’s measuring and cutting tools trading centres market, taking up approximately 42% of market share. The Group is also currently expanding its business by developing a measuring and cutting tools industrial park.

The sole sponsor of the listing was Cinda International Capital Limited. The joint global coordinators and joint bookrunners were Regan International Securities Limited and Cinda International Capital Limited.

Our team was led by our partners Mr. Hank Lo and Mr. Rodney Teoh, supported by team members including Ms. Ellie Cheung (associate), Mr. Kristopher Wong (associate) and Ms. Myra Ma (associate).

Please contact our Mr. Hank Lo or Mr. Rodney Teoh for any enquiries or further information.

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.

Oriental Culture is an online provider of collectibles and artwork e-commerce services, which allows collectors, artists, art dealers and owners to access a much bigger art trading market to engage with a wider range of collectibles or artwork investors.

As a company with a rich cultural and art collection background, Oriental Culture aims to build a complete e-commerce service chain of art to provide customers with comprehensive services, including account opening, art investment education, market information, research, real-time customer support, and artwork warehousing services.

Our firm’s Partner Mr. Hank Lo, Senior Associate Mr. Gordon Tsang and Registered Foreign Lawyer Ms. Alice Ma acted as the Hong Kong legal counsel for the issuer in the Nasdaq Listing. Mr. Steven Zu and Ms. Joy Huang from our associated firm, Allbright Law Offices (Shanghai) acted as the issuer’s PRC legal counsel for the Nasdaq Listing.

Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.