13 Mar 2020

Stevenson, Wong & Co. advised Sunlight Technology Holdings Limited (1950.HK) in its Successful Listing on HKEx

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Sunlight Technology Holdings Limited (Stock Code: 1950) (“Sunlight Technology”) in its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

From left to right: SW Partner – Mr. Rodney Teoh, Ms. Liu Jing (Sunlight Technology: Executive Director and Chairman of Board), Mr. Chen Hua (Sunlight Technology: Executive Director), SW Partner – Mr. Hank Lo and Associate – Mr. John Fu

The shares of Sunlight Technology were listed on the Stock Exchange on 12 March 2020. Sunlight Technology offered a total of 250 million shares, among which 25 million shares were offered under the Hong Kong public offering and 225 million shares were offered under the international placing. The final offer price has been determined at HK$0.52 per offer share, and the net proceeds from the global offering are approximately HK$84.7 million.

Sunlight Technology and its subsidiaries (the “Group”) are an established faux leather chemicals manufacturer in the PRC principally engaged in the research and development, manufacturing and sale of coating agents and synthetic resins under the established brand of “深蓝科技”. According to a report commissioned by the Group and independently prepared by an industry consultant, the Group ranked 4th in the faux leather coating agents market in the PRC in terms of revenue in 2018.

From left to right: Sunlight Technology: Executive Director and Chairman of Board – Ms. Liu Jing and Executive Director – Mr. Chen Hua

The sole sponsor of the listing was Giraffe Capital Limited. The joint global coordinators were Giraffe Capital Limited and ChaoShang Securities Limited.

Our team was led by our partners Hank Lo and Rodney Teoh, supported by team members including Ellie Cheung (associate), John Fu (associate) and Claire Sit (associate).

Please contact our Mr. Hank Lo or Mr. Rodney Teoh for any enquiries or further information.