30 Oct 2017

Stevenson, Wong & Co. assisted Shanghai Fudan Microelectronics Group Company Limited (1385) in its Placing of H Shares

Shanghai Fudan Microelectronics Group Company Limited (Stock Code: 1385.HK) (“Shanghai Fudan” or “Company”) successfully placed 42,000,000 new H Shares on 16 October 2017, raising net proceeds of approximately HK$218.4 million. SW acted as the Hong Kong legal advisors, providing comprehensive legal advice on the H Share placing.

The Company is in the business of designing, developing and sales of integrated circuits (“IC”) and provision of total solutions. The Company’s main products are its Security and Identification IC Chips (which are integral components in public transit cards, resident cards, social security cards, citizen cards, financial IC cards, and electronic payments etc.), Smart Meter ASIC Chips, Non-volatile Memory Chips, Specific Analog Circuits and IC Testing Services.

Shanghai Fudan was incorporated as a limited company in the PRC in July 1998. In 4 August 2000, the Company made an initial public offering of its H Shares in the Growth Enterprise Market (“GEM”) of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). In 8 January 2014, with approval from the Stock Exchange, Shanghai Fudan transferred its H Shares listing from GEM to the Main Board of the Stock Exchange.

Our team was led by our partners Eric Lui and Rodney Teoh, supported by Ellie Cheung (associate), Veronica Cheung (associate) and Wilfred Cheng (trainee solicitor).

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.

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