Stevenson, Wong & Co., acted as the Hong Kong legal advisers to Network 1 Financial Securities, Inc., the lead underwriter of Magic Empire Global Limited(NASDAQ: MEGL) (“Magic Empire”) on its successful listing on the Nasdaq Capital Market on 5 August 2022. Magic Empire offered a total of 5,000,000 Ordinary Shares, priced at US$4.00 per share. The aggregate gross proceeds from the Offering was US$20 million.

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Intelligent Living Application Group Inc. (NASDAQ: ILAG) (“Intelligent Living”) on its successful listing on the Nasdaq Capital Market on 13 July 2022. Intelligent Living offered a total number of 5,060,000 Ordinary Shares, priced at US$4.00 per share, raising gross proceeds of approximately US$20,240,000.

Intelligent Living is a premium lockset manufacturer in Hong Kong, manufacturing and selling high quality mechanical locksets to customers mainly in the United States and Canada. Having continued to diversify and refine its product offerings, Intelligent Living has, since 2000, offered products that comply with the American National Standards Institute (ANSI) Grade 2 and Grade 3 standards developed by the Builders Hardware Manufacturing Association (BHMA) for ANSI and has obtained the ISO9001 quality assurance certificate. Intelligent Living continues to invest in self-designed automated product lines, new craftsmanship and developing new products which include smart locks.

Following the US$165 million offshore bond issue earlier in May this year (see our news update ), Stevenson, Wong & Co. acted for Zunyi Road and Bridge Construction (Group) Limited (the “Issuer”) in its successful issue of US$58.6 million 7.2% 3-year offshore bonds due 2025. Haitong International Securities Company Limited and Dongxing Securities (Hong Kong) Company Limited acted as the joint global coordinators. Haitong International Securities Company Limited, Dongxing Securities (Hong Kong) Company Limited, CNCB (Hong Kong) Capital Limited, Pulsar Capital Limited and Glory Sun Securities Limited acted as the joint lead managers and joint bookrunners.

Stevenson, Wong & Co. acted for Zunyi Road and Bridge Construction (Group) Limited (the “Issuer”) in its successful issue of US$165 million 7.2% 3-year bonds due in 2025. Haitong International Securities Company Limited acted as the sole global coordinator. Haitong International Securities Company Limited, Glory Sun Securities Limited, SPDB International Capital Limited and CLSA Limited acted as the joint lead managers and joint bookrunners.

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Zhong Yang Financial Group Limited (NASDAQ: TOP) (“Zhong Yang”) on its successful listing on the Nasdaq Capital Market on 1 June 2022.  Zhong Yang offered a total number of 5,000,000 Ordinary Shares, priced at US$5.00 per share, raising gross proceeds of approximately US$25,000,000.

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Hywin Holdings Ltd. (NASDAQ: HYW) (“Hywin Holdings”) on its successful listing on the Nasdaq Global Market on 26 March 2021. Hywin Holdings offered a total number of 3,000,000 American Depositary Shares, priced at US$10.00 per share, raising gross proceeds of approximately US$30,000,000. The joint underwriters were Network 1 Financial Securities, Inc., Alexander Capital L.P. and Valuable Capital Limited.