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.