Stevenson, Wong & Co. attended the “Joint Conference of AllBright’s PRC Listing Committee and Finance Committee” in Shanghai

SW partner Mr. Eric Lui attended the “Joint Conference of AllBright’s PRC Listing Committee and Finance Committee” at the Eton Hotel Shanghai on 11 January 2015.

At the meeting, over 300 members from both committees summarised their work, experience and results in 2014 in relation to listing projects in the PRC, financial trusts and other work areas. The attendees also explored the business development trend, innovation and enhancement of service products and standard as a legal intermediary under the new economic circumstances in 2015. Other topics included rapid development of the capital market and quantitative easing policy of the central bank in the financial market.

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

Stevenson, Wong & Co. attended AllBright’s first partners’ meeting in 2015 in Shanghai

On 10 January 2015, SW partners Mr. Willy Cheng and Mr. Eric Lui attended AllBright’s first partners’ meeting in 2015 which was held at the Shanghai International Convention Centre. Partners from all 11 Allbright branches in China reviewed the working reports and expenditures in the past year and discussed upcoming work arrangements and budgets for 2015.

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

Stevenson, Wong & Co. assisted Future Bright Mining Holdings Limited (2212.hk) in its IPO on HKEx

SW assists Future Bright Mining Holdings Limited (Stock Code: 2212), a marble mining company focusing on developing its Yiduoyan Project, an open pit mine located in Hubei Province, China, to list on the Main Board of The Stock Exchange of Hong Kong Limited. SW acted as the legal adviser for the company.

Photograph of Mr. Guo Xiao Ping (middle), chairman and chief executive officer of the Company; ETR Law Firm (sponsor’s PRC legal adviser) team members for the listing project, including Mr. Jeffrey Quan (second from left), Ms. Isabella Yang (on the left) and Ms. Stacy Yu (on the right); and SW team members for the listing project, Mr. Hank Lo (fourth from left), Ms. Eva Lee (fourth from right), Mr. Stephan Chan (second from right), Mr. Horace Chan (third from left) and Mr. Joe Lee (third from right) taken at the listing ceremony:

The shares were listed on The Stock Exchange on 9 January 2015. 88 million shares were offered, among which 79.2 million were offered for international placing. The final offer price was HK$0.88 per offer share and the net proceeds amounted to HK$56 million.

Future Bright is a marble mining company and have been focusing on developing its Yiduoyan Project, which is an open pit mine located in Hubei Province of China. As at 1 July 2014, in accordance with JORC Code, the Yiduoyan Project total resource is 10.7 million m3, and its total reserve is 0.91 m3. The Company commenced limited commercial production in September 2014. Marble blocks mined from its Yiduoyan Project are the Company’s principal product.

Guotai Junan Capital Limited acted as the sole sponsor for the Company.

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

Stevenson Wong & Co. attended Allbright Annual Dinner 2015 in Shanghai

On 9 January 2015, SW partners Mr. Willy Cheng and Mr. Eric Lui and our China Business Development Officer Ms. Connie Yeung, attended the Annual Dinner 2015 of Allbright Law Offices held in the Shanghai International Convention Centre.

Lawyers and representatives from all 11 Allbright offices in China also joined the event. Guests had an enjoyable night with excellent performances by representatives from different Allbright offices.

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

Stevenson, Wong & Co. assisted Pegasus Entertainment Holdings Limited (1326.hk) in its transfer of listing from GEM to the Main Board

SW assists Pegasus Entertainment Holdings Limited (Stock Code on Main Board: 1326; Stock Code on GEM: 8039) (the “Company”), a company principally engaged in films and television series production, distribution and licensing of film rights in Hong Kong, the PRC and South East Asia through its established channels, in its transfer of listing from the Growth Enterprise Market (“GEM”) to the Main Board of The Stock Exchange of Hong Kong Limited. SW acted as the legal adviser for the Company.

Photograph of Mr. Wong Pak Ming (middle), chairman and executive director of the Company, and SW team members for the listing project, Mr. Hank Lo (second from left), Ms. Cornelia Chu (second from right), Mr. Stephan Chan (on the right) and Mr. Horace Chan (on the left) taken at the listing ceremony:

Photograph of Mr. Wong Chi Woon Edmond (middle), executive director of the Company, Mr. Lam Kam Tong (on the right), independent non-executive director of the Company, and our Hank Lo (on the left) taken at the listing ceremony:

SW was also the legal adviser for the company for its listing on GEM in 2012. The shares of the Company are listed on the Main Board on 9 January 2015.

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

Canada launches express entry immigration selection system

On 1 January 2015, the Canadian government officially launched the express entry selection system (“Express Entry”) for immigration to Canada.

Eligible candidates can create their online profiles and maximize their chances of being invited to apply for Canadian permanent residence. According to Citizenship and Immigration Canada (“CIC”, the online platform of the Canadian immigration and citizenship authority), first invitations to apply for Express Entry will be issued before the end of January 2015. Hence, candidates who act promptly may have better chances of receiving early invitations. The launch of Express Entry will change the way how the Canadian immigration system is operated, by switching it from supply-driven to demand-driven system.

The Canada federal government, provincial governments and Canadian employers are able to select immigration candidates from the Express Entry pool, which is made up of candidates who must qualify for either one of the following programs, the Federal Skilled Worker Program, the Federal Skilled Trades Program or the Canadian Experience Class. The key requirements of these programs are summarised below:

1. Federal Skilled Worker Program

   Applicants under this program must:

   (a) have at least one year of continuous full-time or equivalent paid work experience in the past 10 years in a skilled occupation (National Occupational Classification skill lever 0, A or B); or

   (b) qualify for Arranged Employment with a Labour Market Impact Assessment and a full-time, permanent job offer from a Canadian employer; or

   (c) have completed a PhD in Canada, or have completed two years of study in Canada towards a PhD, in both cases at a recognized institution; and

   (d) pass a minimum threshold of language ability for one of Canada’s two official languages (English/French).

   In addition, applicants under this program must attain at least 67 points based on CIC immigration selection factors.

2. Federal Skilled Trades Program

   Applicants under this program must:

   (a) have offers of employment from up to two employers in Canada of at least one year duration OR a Certificate of Qualification from a provincial or territorial body;

   (b) provide proof of basic language proficiency from a designated language testing organization, demonstrating that the applicant meets the minimum threshold set by the Minister (Canadian Language Benchmark (CLB) 5 for speaking and listening, 4 for reading and writing);

   (c) have obtained twenty-four months of qualified work experience in the skilled trade in the last five years; and

   (d) be able to demonstrate the skills and experience and that they have performed the essential duties of the occupation.

   90 eligible occupations will be eligible for this program.

3. Canadian Experience Class

   This is an immigration category for Canada’s temporary foreign workers who wish to become permanent residents. Applicants under this program must:

   (a) obtained at least one year of skilled, professional or technical work experience in Canada within 36 months of the application date;

   (b) met or surpassed a Canadian Language Benchmark threshold of 5 (“initial intermediate”) or 7 (“adequate intermediate proficiency”) depending on the level of the job; and

   (c) plan to live and work outside of the Province of Quebec (individuals who plan to reside in Quebec may apply to the Quebec Experience Class).

Selected candidates will be issued an invitation to apply and must submit a completed application within 60 days. CIC aims to process the applications within 6 months.

Please contact our Hank Lo for any enquiries or further information about this news.

(Source: http://www.cicnews.com/2014/12/canada-launches-express-entry-immigration-selection-system-124327.html;
http://www.cicnews.com/2014/12/express-entry-124159.html)