SW acted as legal advisers to Hang Chi Holdings Limited (Stock Code: 08405) (“Hang Chi”) to list on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The shares of Hang Chi were listed on the Stock Exchange on 12 July 2017. 100 million shares were offered, among which 50 million were offered for placing and 50 million for subscription by the public. The final offer price was HK$0.72 per offer share and the net proceeds amounted to approximately HK$45.5 million.

Hang Chi is an established operator of elderly residential care homes in Hong Kong providing comprehensive residential care home services such as accommodation with dietician-managed meal plan, caretaking assistance, regular medical consultation and therapy through the network of “Shui On瑞安” and “Shui Hing瑞興” branded elderly residential care homes across four districts in Hong Kong.

Please contact our Mr. Hank Lo and Ms. Erica Cheng for any enquiries or further information about this transaction.

SW has advised the sponsor and underwriters of Royal Deluxe Holdings Limited (Stock Code: 3789) (“Royal Deluxe”) in its successful listing of shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

Photo of Mr. Joseph Wang, chairman and CEO of Royal Deluxe Holdings Limited (on the right) and our Rodney Teoh (on the left)

The shares were listed on the Stock Exchange on 8 February 2017. 300 million shares were offered. The final offer price was HK$0.56 per offer share and the net proceeds amounted to approximately HK$99.6 million.

Royal Deluxe and its subsidiaries (the “Group”) are a major subcontractor specialising in providing formwork erection and related ancillary services in Hong Kong. The Group has participated in a number of large-scale construction projects. Its direct customers are main contractors of building construction and civil engineering projects while its ultimate customers are owners of such projects, including the Hong Kong government, a public transport operator, a theme park and resort operator and property developers.

Photo of Mr. David Lo, Associate Director of Frontpage Capital Limited (on the right) and our Rodney Teoh (on the left)

We acted for Frontpage Capital Limited as the sponsor and joint lead manager, Huajin Securities (International) Limited and Pacific Foundation Securities Limited as joint lead managers, as well as other underwriters.

Our team was led by our partners Eric Lui and Rodney Teoh, supported by Phiona So (associate), Veronica Cheung (associate), Jensen Chang (trainee solicitor), Connie Wu (legal executive) and Jane Yip (paralegal).

Please contact our Eric Lui or Rodney Teoh for any enquiries or further information about this transaction.

SW acted as legal advisers to Morris Holdings Limited (Stock Code: 1575) (“Morris”) 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 12 January 2017. 250 million shares were offered, among which 225 million were offered for international placing. The final offer price was HK$1.05 per offer share and the net proceeds amounted to approximately HK218.6 million.

Morris principally engages in the manufacturing of sofas and sofa covers in the PRC with an integrated design, manufacturing, sales and marketing operation through OEM, ODM and OBM business models. Morris is one of the leading and long established manufacturers of sofas and sofa covers in the PRC sofa export industry, and is one of the top three PRC upholstered sofa manufacturers in terms of export value to the U.S. in 2015. Morris sells a wide range of sofas including stationary sofas and motion sofas under the brand “Morris Holdings Limited” and sofa covers predominantly to overseas markets including the U.S., Canada, United Kingdom, Australia, Ireland and Korea and other furniture products domestically in its direct sale stores under the brand “Morris Zou”.

Photo of our Rodney Teoh (on the left) and Mr. Zou Gebing, Chairman of Morris Holdings Limited (on the right)

Please contact our Eric Lui or Rodney Teoh for any enquiries or further information about this transaction.

SW acted as a legal adviser to Gudou Holdings Limited (08308.HK) (the “Company”) to list on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The shares were listed on the Stock Exchange on 9 December 2016. Two hundred and sixty million shares were offered. The final placing price was HK$0.6 per placing share.

The Company is a hot spring hotel operator and a tourism property developer in the PRC, principally engaged in the operation and management of the hot spring resort and hotel facilities at Gudou Hot Spring Resort; and the development and sale of tourism properties located at Gudou Hot Spring Resort. The “Gudou” brand is a well-known hot spring resort in the PRC. Gudou Hot Spring Resort has been accredited as a National Tourist Attraction — Grade AAAA by the National Tourist Attraction Quality Rating Committee since 2005.

Please contact our Hank Lo for any enquiries or further information about this transaction.

SW acted as legal advisers to the Joint Sponsors, the Lead Manager and Underwriters, to assist in the listing of Altus Holdings Limited (the “Company”) (Stock Code: 8149) on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The shares were listed on the Stock Exchange on 17 October 2016. Two hundred million shares were offered. The final placing price was HK$0.425 per placing share.

The Company focuses on corporate finance and property investment. Through its principal operating subsidiary, Altus Capital Limited, the Company offers advisory services to companies in relation to corporate restructuring; mergers and acquisitions; fund raising through listings/initial public offerings, share placements and in the case of listed companies, advice to shareholders or advice on compliance with regulatory rules in Hong Kong. Altus Investments Limited, the Company’s another principal operating subsidiary, deals in securities relating to corporate finance. The Company additionally specializes in investment of real estate in both Japan and Hong Kong. As at the time of listing, the Company held an interest in 14 buildings in Japan and one commercial unit in Hong Kong.

Please contact our Hank Lo for any enquiries or further information about this transaction.

SW acted as legal advisers to Orient Securities Company Limited (Stock Code: 03958) (“DFZQ”) 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 8 July 2016. 957 million shares were offered, among which 885 million were offered for international offering. The final offer price was HK$8.15 per offer share and the net proceeds amounted to approximately HK$7.79billion.

DFZQ is a leading and fast-growing capital markets service provider in China and according to Wind Information Co. Ltd., ranked 10th by total assets among PRC securities firms.

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