News Updates
Find out all about our firm’s latest news updates below. To learn more about any individual item, please contact us here.
News Updates
Find out all about our firm’s latest news updates below. To learn more about any individual item, please contact us here.
Stevenson, Wong & Co. acted as the Hong Kong legal adviser to QMMM Holdings Limited (NASDAQ: QMMM) (“QMMM”) in the successful listing on the Nasdaq Capital Market on 19 July 2024 (the “Nasdaq Listing”). QMMM offered a total of 2,125,000 ordinary shares, priced at US$4.00 per share (the “Offering”). The aggregate gross proceeds from the offering was US$8.5 million.
QMMM is a digital advertising and marketing production services company. Through its operating subsidiaries ManyMany Creations Limited and Quantum Matrix Limited, QMMM has used interactive design, animation, art-tech and virtual technologies in over 500 commercial campaigns. They have worked with large domestic and international banks, real estate developers, world famous amusement park, top international athletic apparel and footwear brands and luxury cosmetic products and international brands for their advertising and creation work in Hong Kong.
Our Partners, Mr. Hank Lo and Mr. Gordon Tsang, together with Associate Mr. Gary Kwok, acted as the Hong Kong legal counsel for QMMM 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. is pleased to share that Sundy Service Group Co. Ltd (the “Company”) (Stock Code: 9608) has successfully resumed trading of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) on 4 July 2024, following a suspension that began on 28 March 2024.
Stevenson, Wong & Co. has acted as the Company’s Hong Kong legal advisers as to its successful listing on the Stock Exchange on 18 January 2021, and has continued to serve as its advisers as to Hong Kong laws since then. We are delighted to see that the Company has now resumed trading after a relatively short suspension of only three months.
Our corporate finance team comprised Partners Hank Lo and Rodney Teoh, Associates Angela Lau and Audrey Ng, Trainee Solicitor Austin Kot, and Paralegal Jay Lee. Our regulatory and compliance team comprised Partner Osbert Hui, Senior Associates Rainbow Ip and Alex Tsang, and Associate Karlie Cheung.
Please contact our Partners Hank Lo, Rodney Teoh and Osbert Hui for any enquiries or further information.
Stevenson, Wong & Co. is pleased to share that Neo-Concept International Group Holdings Limited (the “Company”) (NASDAQ:NCI) has been successfully listed on the Nasdaq Capital Market on 23 April 2024.
Stevenson, Wong & Co. acted as the Company’s Hong Kong legal advisers in relation to its pre-IPO reorganisation, as well as its pre-IPO investment involving the issuance of non-convertible redeemable preference shares for a total consideration of US$15,000,000 to VI Asset Management Company Limited and its affiliates in December 2022 (Please refer to our news update for more details).
Please contact our Partner Rodney Teoh for any enquiries or further information.
(中文)
2024年6月5日,本所合伙人刘砚枫律师获前海金融控股有限公司、深圳市前海金融同业公会、深圳私募基金业协会、深圳市深证中小企业服务中心、深圳市社会组织总会及深圳市南山区资本市场协会邀请,参加「前海金融服务实体经济港交所最新上市新规解读活动」,分享并解读18C新规背景下的科技企业上市融资和相关要求。
本次活动分享机构还包括香港特区政府投资推广署、香港交易所、香港上海汇丰银行、华泰联合证券有限责任公司、竞天公诚律师事务所及安永会计师事务所。
现场氛围热烈,参会的企业代表纷纷表示本次活动收获颇丰,持续三个小时的活动在热烈掌声中圆满结束。
本次活动为科创企业提供赴港上市新规解读,有利于架接资本市场要素和资源,发挥国内外市场资源优势,为国家科技创新、传统产业升级提供长期资金支持,培育壮大耐心资本,加速发展新质生产力,为实业报国拓宽融资渠道,以金融赋能实体企业高质量发展。
如阁下有任何查询或想了解更多详情,请联络本所刘砚枫律师。
Our Partner Gordon Tsang was interviewed by Bloomberg to share his view on Nasdaq Inc. increasing scrutiny of small initial public offerings from China and Hong Kong to avoid a repeat of the wild swings that followed a handful of deals two years ago in response to the article “Nasdaq Boosts Scrutiny of Investors in IPOs From China, HK”.
Gordon previously advised Junee Limited (NASDAQ: JUNE), Garden Stage Limited (NASDAQ: GSIW), Prestige Wealth Inc. (NASDAQ: PWM), Millennium Group International Holdings Limited (NASDAQ: MGIH), CBL International Limited (NASDAQ: BANL), Magic Empire Global Limited (NASDAQ: MEGL), Intelligent Living Application Group Inc. (NASDAQ: ILAG), Zhong Yang Financial Group Limited (NASDAQ: TOP), Hywin Holdings Ltd. (NASDAQ: HYW) and Oriental Culture Holding LTD (NASDAQ: OCG) in their successful listings on Nasdaq.
A growing number of small firms from China and Hong Kong are turning to the Nasdaq to raise money. Several Hong Kong – and China-based IPO applicants have faced a series of questions from Nasdaq that centered on the identity and independence of their pre-IPO investors who might be selling shares upon listing.
Gordon shared with Bloomberg that Nasdaq has become a desirable choice for Hong Kong – and China-based IPO applicants due to its relatively low listing threshold and market-driven approach.
For more information, please contact our Partner Mr. Gordon Tsang, or click here to view the complete interview.
On 29 May 2024, our Partner Rodney Teoh was invited to present an annual scholarship award at the City University of Hong Kong School of Law’s Scholarship Presentation Ceremony.
Our Partner Rodney Teoh (right) with Professor Lin Feng, Dean of CityUHK School of Law (left)
Since 2010, Stevenson, Wong & Co. has demonstrated its commitment to nurturing the future generation of legal professionals by sponsoring academic prizes at local universities. The firm’s long-standing dedication to education was recognized and acknowledged by the City University of Hong Kong Foundation as one of its Senior Member Sponsors.
At the ceremony, Mr Teoh presented the “Stevenson, Wong & Co.” scholarship to Cheung Ka Yuen, one of the outstanding students in the School of Law.
Stevenson, Wong & Co. extends its heartfelt congratulations to all students and wish them a bright and successful future.
For more information, please contact our Partner Rodney Teoh.
Fraudulent Website Alert
It has come to our attention that fraudulent Facebook pages promoting as a law firm or organisation under the name of (1) “邦得国际律师事务所-李律师”/“邦得国际律师事务所-林律师”, (2) “源凯国际律师事务所咨询处”, and (3) “香港維權中心”, all use a stolen photograph of our partner, Ms. Heidi Chui, as part of their Facebook profile photographs. Ms. Heidi Chui has confirmed that her photograph was used without her knowledge and authority. The matters have been reported to regulators and authorities for further action.
Please be informed that our firm and Ms. Heidi Chui are not in any way whatsoever affiliated with “邦得国际律师事务所-李律师”/“邦得国际律师事务所-林律师”, or “源凯国际律师事务所咨询处” or “香港維權中心” or those Facebook pages.
Please also refer to the Scam Alert page on the website of the Law Society of Hong Kong for more details (https://www.hklawsoc.org.hk/en/Serve-the-Public/Scam-Alert).
Please take caution and do not click on any suspicious links or provide any personal information on any suspicious websites, emails or messages.
All rights of our firm and Ms. Heidi Chui are hereby expressly reserved.
Should you have any question, please contact us at info@sw-hk.com.
Thank you for your attention.
Stevenson, Wong & Co.
23 November 2023