Asian Legal Business (ALB) has recently announced the nominees for the 2025 Indonesia Law Awards. We are delighted to announce that Stevenson, Wong & Co. have been shortlisted in the following categories:

LAW FIRM CATEGORIES

• Indonesia Practice, Asian Law Firm of the Year

DEAL CATEGORIES

• Equity Market Deal of the Year

Nanshan Aluminium International Holding IPO and Global Offering on HKEX Main Board

The ALB Indonesia Law Awards aim to honor law firms, lawyers, and in-house legal teams that have achieved exceptional success in the market over the past year. The awards ceremony will take place on 23 October 2025, in Indonesia, where the final winners will be revealed.

Please see here for the full list of the finalist.

For more information, please contact our Partner Rodney Teoh.

We are delighted to announce that our firm has once again been recognised by IFLR1000 Asia Pacific Guide 2025/ 2026, a guide to the world’s leading financial and corporate law firms and lawyers in the following practice areas:

• Capital Markets- Debt
• Capital Markets- Equity
• Financial Services Regulatory
• M&A
• Retail Funds

In addition, three of our Partners have received the following recognition for their outstanding work:

• Hank Lo, Partner and Head of Corporate Finance | Highly Regarded in Capital Markets: Equity
• Rodney Teoh, Partner and Deputy Head of Corporate Finance, Co-Head of Fintech | Highly Regarded in Capital Markets: Debt – Foreign, Capital Markets: Equity, Financial and Corporate, Investment Funds and Technology and telecommunications
• Gordon Tsang, Partner | Rising Star in Capital Markets: Equity

IFLR1000 evaluates law firms and lawyers based on transactional evidence and client feedback. The rankings recognize firms that have advised on some of the most complex and innovative transactions in their markets and received outstanding feedback from clients for their work.

For more details on our rankings, please click here.

Please contact our Partners Hank Lo, Cornelia Chu, Rodney Teoh, Osbert Hui, Erica Cheng, Gordon Tsang, Dominic Lau or Terence Lau for any inquiries or further information.

In the latest Policy Address delivered on 17 September 2025, the Hong Kong Chief Executive John Lee Ka-chiu announced that Hong Kong will relax its rules for property purchases under the New Capital Investment Entrant Scheme (“New CIES Scheme”) to attract new investors.

The New CIES Scheme, which was re-introduced on 1 March 2024 after a suspension of approximately nine years, aims to attract high-net-worth individuals committed to investing not less than HK$30 million to settle in Hong Kong with their families and explore the city’s diverse investment opportunities.

When the New CIES Scheme was first relaunched in the market, the total investment amount in real estate (covering non-residential real estate and residential real estate) which was counted towards fulfilment of minimum investment threshold was subject to an aggregate cap of HK$10 million. In addition, only residential properties with transaction price of HK$50 million or above were eligible for inclusion.

The new arrangement will now raise the aggregate investment cap for real estate investment from HK$10 million to HK$15 million, among which the cap on residential real estate will remain at HK$10 million.  Nonetheless, the threshold of transaction price of residential real estate for one single property will be reduced from HK$50 million to HK$30 million.

The new measure takes effect from 17 September 2025 and applies to real estate investments where the completion date of the purchase falls on or after 17 September 2025.

Our Immigration Team assists applicants who wish to settle in Hong Kong understand the requirements of different visa schemes and support them throughout the application process. Please contact our Partner Willy Cheng for any enquiries or further information.

This newsletter 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.

We are delighted to share that our partners, Calvin Lo and Gordon Tsang, have been named ALB Hong Kong Rising Stars for 2025, with Mr Tsang being recognized for the second year running. This accolade showcases their remarkable contribution and achievements in the legal profession.

ALB, a prominent legal publication under Thomson Reuters, is one of the most influential legal media outlets worldwide. The Rising Stars list highlights Hong Kong’s most promising next generation lawyers, showcasing those who have consistently demonstrated exceptional dedication, legal expertise, and innovative approaches to client service. This recognition solidifies Calvin and Gordon’s reputations as future leaders in the legal profession.

Calvin handles a wide range of private client work, including family and matrimonial matters such as divorce, children disputes, wardship, relocation, ancillary relief claims, often with cross-border elements, jurisdiction and forum disputes. He also handles trust advisory work, estate and succession planning, will drafting and probate applications. In the area of mental health law, Calvin advises clients in applications for the appointment of MIP Committee as well as guardianship orders. He has also been appointed by the Court as professional MIP Committee. He is also a Trust and Estate Practitioner of (STEP), a Certified Trust Practitioner of HKTA, and an accredited family mediator.

Gordon has extensive experience in handling a wide range of corporate and commercial matters, including pre-IPO restructuring and financing, Hong Kong and U.S. IPOs, mergers and acquisitions, loan and financing transactions, corporate governance and general compliance for listed companies as well as private enterprises. He has established a remarkable reputation for advising clients on complex capital market transactions and corporate acquisitions.

For more information, please contact our Partners Calvin Lo and Gordon Tsang, or click here to view ALB’s report.

Stevenson, Wong & Co. acted as Hong Kong legal adviser to US Tiger Securities, Inc. (the “Underwriter”), the underwriter of ChowChow Cloud International Holdings Limited (NYSE American: CHOW) (“ChowChow Cloud”) in connection with its successful listing on NYSE American on 16 September 2025 (the “NYSE American Listing”). ChowChow Cloud offered a total of 2,600,000 Ordinary Shares, priced at US$4.00 per share , raising aggregate gross proceeds of approximately US$10.4 million.

ChowChow Cloud is a pioneer in providing one-stop cloud solutions supporting companies across the IT industry value chain throughout their cloud transformation journey, from consulting, deployment, and migration to cloud environment building and management.

ChowChow Cloud’s business primarily comprises (i) digital transformation consulting services consisting primarily of cloud suitability assessment, real-time resource management and strategic planning and advisory, (ii) professional IT services with a wide range of capabilities designed to facilitate seamless cloud integration and digital transformation, (iii) AI-powered proactive cloud managed services covering all aspects of day-to-day cloud maintenance and support, and (iv) IT infrastructure solutions covering on-premise private cloud setups and public cloud integrations, including infrastructure applications such as its Sereno Cloud App360 AI and Data Science Platform, which consists of several core components.

ChowChow Cloud primarily operates in the Asia-Pacific region, with a strong presence in Hong Kong and Singapore. Since 2019, it has expanded its geographical footprint to other jurisdictions in the Asia-Pacific region, including the Philippines, Taiwan, Indonesia, and Australia.

Our Partners, Hank Lo and Gordon Tsang, together with Senior Associate Gary Kwok, acted as Hong Kong legal counsel to the Underwriter in the NYSE American Listing.

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