28 Dec 2017

Stevenson, Wong & Co. advises on the successful HKEx listing of WT Group Holdings Limited (8422.HK)

SW advised Titan Financial Services Limited, the sole sponsor, and the other underwriters of WT Group Holdings Limited (Stock Code: 8422) (“WT Group”) in its successful listing on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

From left to right: Ms. Ellie Cheung, Ms. Veronica Cheung, Executive Director of WT Group Mr. Kam Kin Bun, Executive Director of WT Group Mr. Kung Cheung Fai Patrick, Executive Director and Chairman of WT Group Mr. Yip Shiu Ching and Mr. Rodney Teoh

The shares were listed on the Stock Exchange on 28 December 2017. The final offer price was HK$0.22 per offer share and the net proceeds amounted to approximately HK$32.4 million.

WT Group and its subsidiaries (the “Group”) principally provide specialised works and general building works as a main contractor in Hong Kong. The Group undertakes specialised works which include foundation and site formation works, demolition works and ground investigation field works. The Group also undertakes general building works including superstructure building works, slope maintenance works, hoarding works, A&A works and other miscellaneous construction works.

Mr. Rodney Teoh and Executive Director of Titan Financial Services Limited Mr. Arthur Kan

We acted for Titan Financial Services Limited as the sole sponsor, and Titan Financial Securities Limited and Sincere Securities Limited as joint lead managers, as well as other underwriters.

From left to right: Mr. Rodney Teoh, Ms. Ellie Cheung and Ms. Veronica Cheung

Our team was led by our partners Eric Lui and Rodney Teoh, supported by team members including Ellie Cheung (associate), Veronica Cheung (associate), Wilfred Cheng (trainee solicitor), Jane Yip (paralegal) and Justin Chui (paralegal).

Please contact our Eric Lui or Rodney Teoh for any enquiries or further information.