SW acted as the Hong Kong legal advisers to Wai Hung Group Holdings Limited (stock code: 3321) (“Wai Hung Group”) in its successful listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
The shares of Wai Hung Group were listed on the Stock Exchange on 23 April 2019. 125 million shares were offered, among which 25 million were public offer shares and 100 million were placing shares. The final offer price was HK$1.4 per share and the proceeds amounted to approximately HK$175 million.
Wai Hung Group is a contractor providing fitting-out services and repair and maintenance services in Macau. Wai Hung Group’s fitting-out services primarily cover refitting works for existing buildings and extend to casinos, retail areas, hotels, restaurants, commercial properties and residential properties.