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.

On 8 February 2017, our legal executive from our Banking Department, Mr. Man Wong, together with our Ms. Hebe Au, were invited to give a presentation on the new stamp duty measures in a seminar held at the Prince Edward Branch, Bank of China (Hong Kong) (“the Bank”). The seminar was well attended by about 50 banking practitioners, including branch supervisors and frontline managers from five branches of the Bank in Kowloon.

The seminar covered the computation of stamp duty under the new measures and the possible exemptions and exceptions.

Please contact our Mr. Eric Lui or Mr. Wong for any enquiries or further information about this event.

On 15 January 2017, our Partner Mr. Lui attended the 2016 AllBright Financial Committee Annual Meeting in Shanghai. The attendees were financial law practitioners in China.

The Committee reviewed their work in 2016 and discussed the outlook of financial law services and hot topics in the market, such as Private Equity, Securitization, Commercial Banking, Insurance, Trusts, Derivative and Internet Banking.

Please contact our Mr. Lui for any enquiries or further information about this event.

On 13 January 2017, SW partners, Mr. Willy Cheng, Mr. Hank Lo, Ms. Catherine Por, Mr. Eric Lui, Ms. Cornelia Chu, Ms. Heidi Chui, Mr. Stephen Wong, Mr. Rodney Teoh and other SW staff attended the AllBright Law Offices Annual Dinner 2017 held in Shanghai at the Shanghai Tower. Lawyers and representatives from all 18 AllBright offices in China joined the event. The dinner was a perfect opportunity for all members of AllBright to come together and celebrate another successful year whilst recognizing the efforts made by all staff throughout the year.

This year, talented representatives from different branch offices provided wonderful entertainment between the speeches and prize presentations, which was followed by a sumptuous dinner, making a wonderful night. SW trainees gave a performance titled “Dance Floor of Nostalgia” dancing and singing to thunderous applause.

It was an evening of good food and good company. Please contact our Mr. Eric Lui for any enquiries or further information about this event.

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.

On 11 January 2017, our partners Mr. Hank Lo and Ms. Cornelia Chu and our associate Mr. Kent Chow attended the Annual Gala Dinner of our long-standing client, Pegasus Entertainment Holdings Limited (Stock Code: 1326) (the “Company”), a listed company principally engaged in film making, television series production, distribution and licensing of film rights in Hong Kong, the PRC and South East Asia through its established channels. Over 500 guests attended the dinner held at the Grand Ballroom of the Grand Hyatt Hotel.

SW was the legal adviser for the Company for its listing on the Growth Enterprise Market in 2012 and its transfer of listing to the Main Board in 2015. SW has also advised the Company on various legal issues all year round.

It was an evening of good food and good company. Please contact our Mr. Hank Lo for any enquiries or further information about this event.