Stevenson, Wong & Co. advised Kwung’s Holdings Limited (“Kwung’s”, Stock Code: 1925.hk) as its Hong Kong legal advisers on its initial public offering (“IPO”) on the Main Board of The Stock Exchange of Hong Kong Limited.
The IPO comprised an issue of a total of 100 million shares priced at HK$1.28 per share, raising gross proceeds of approximately HK$128 million.
Kwung’s is a prominent original design manufacturer and supplier of home decoration products, comprising candles, home fragrance and home accessories which are sold to customers situated in more than 20 countries and regions, including France, United Kingdom, the Netherlands, Germany, Canada and Australia where candles and home fragrance are widely used in ordinary people’s daily life.
The SW team was led by corporate partners Hank Lo and Cornelia Chu and senior associate Terence Lau, supported by associates Edwin Au and Elly Woo, registered foreign lawyer George Huang, paralegal Collina See and trainee solicitor Jane Yip.
The Sole Sponsor and Sole Global Coordinator was China Industrial Securities International Capital Limited. The Joint Bookrunners were China Industrial Securities International Capital Limited and BOCOM International Securities Limited. The Joint Lead Managers were China Industrial Securities International Capital Limited, BOCOM International Securities Limited, Blackwell Global Securities Limited, Yicko Securities Limited, Lee Go Securities Limited and Sinomax Securities Limited.