Transaction
Find out all about our firm’s latest transaction below. To learn more about any individual item, please contact us here.
Transaction
Find out all about our firm’s latest transaction below. To learn more about any individual item, please contact us here.
Stevenson, Wong & Co. acted as the Hong Kong legal adviser to Revere Securities LLC (“Revere Securities”), the underwriter of Prestige Wealth Inc. (NASDAQ: PWM) (“Prestige Wealth”) in its successful listing on the Nasdaq Capital Market on 6 July 2023 (the “Nasdaq Listing”). Prestige Wealth offered a total of 1,000,000 Ordinary Shares, priced at US$5.00 per share. The aggregate gross proceeds from the Offering was US$5 million.
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Prestige Wealth, through its subsidiaries, provide wealth management and asset management services in Hong Kong. Their clients are primarily high net worth and ultra-high net worth individuals in Asia with the majority residing in mainland China or Hong Kong. Their business was licensed to undertake Type 4 (Advising on Securities) regulated activity and Type 9 (Asset Management) regulated activity under the Securities and Future Ordinance.
Our Partners, Mr. Hank Lo and Mr. Gordon Tsang, and Associate Mr. Ben Chan, acted as the Hong Kong legal counsel for Revere Securities in the Nasdaq Listing and provided comprehensive Hong Kong legal services.
Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.
Stevenson, Wong & Co. acted as international counsel for Neijiang Investment Holding Group Co., Ltd. (the “Issuer”) in its successful issuance of CNY 297 million 7.80% bonds due in 2028.
The Issuer is a state-owned enterprise 90% owned by the State-owned Assets Supervision and Administration Commission of Neijiang Municipal Government and 10% owned by Sichuan Provincial Department of Finance. It is the major investment and financing entity of the development and construction in Neijiang City.
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Donghai International Securities (Hong Kong) Limited and CCB International Capital Limited acted as the joint global coordinators, joint lead managers and joint bookrunners. Donghai International Securities (Hong Kong) Limited, CCB International Capital Limited, Zhongtai International Securities Limited, CMBC Securities Company Limited, Hong Kong Main Fund Securities Limited and Riches Depot Securities Co., Limited acted as the joint lead managers and joint bookrunners.
Our team was led by our Partner Mr. Rodney Teoh, supported by team members including Associates Ms. Angela Lau, Ms. Audrey Ng and Trainee Solicitor Mr. Austin Kot.
Please contact our Partner Mr. Rodney Teoh for any enquiries or further information.
Stevenson, Wong & Co. advised Million Treasure International Holdings Limited (the “Offeror”) in relation to (i) the acquisition (the “Acquisition”) of 69.12% of the entire issued share capital of GT Steel Construction Group Limited ( “GT Steel”) and 66,358,999 warrants issued by GT Steel at a total cash consideration of approximately HK$76 million (the “Consideration”); and (ii) the unconditional mandatory cash offers to acquire all the issued shares and outstanding warrants of GT Steel (the “Offers”). The entire issued share capital of GT Steel was valued at approximately HK$110 million.
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The Acquisition triggered the Offeror’s mandatory general offer obligation under Rule 26 of the SFC Takeovers Code. As such, the Offeror made a mandatory unconditional cash offer for all the outstanding shares and warrants in GT Steel through its agent, Kingston Securities Limited. The Offers were closed on 4 May 2023. Immediately after the close of the Offers, the Offeror was interested in approximately 69.15% of the entire issued share capital of GT Steel.
GT Steel is an investment holding company and its operating subsidiaries are engaged in the designing, supplying, fabricating and erecting structural steel-works for the construction of buildings including technological plants, industrial buildings, commercial buildings, government institutions and residential buildings and provision of pre-fabricated steel structures or on-site installation services in Singapore.
The Stevenson, Wong & Co. team was led by corporate partners Mr. Hank Lo and Mr. Gordon Tsang , senior associate Mr. Terence Lau, supported by associates Ms. Teresa Yip and Ms. Bethany Zhang.
Please contact Mr. Hank Lo, Mr. Gordon Tsang or Mr. Terence Lau for any enquiries or further information about this transaction.
Stevenson, Wong & Co. acted for Neijiang Investment Holding Group Co., Ltd. (the “Issuer”) in its successful issuance of CNY 350 million 7.68% bonds due in 2026.
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The Issuer is a state-owned enterprise 90% owned by the State-owned Assets Supervision and Administration Commission of Neijiang Municipal Government and 10% owned by Sichuan Provincial Department of Finance. It is the major investment and financing entity of the development and construction in Neijiang City.
Donghai International Securities (Hong Kong) Limited acted as the sole global coordinator, joint lead manager and joint bookrunner. Donghai International Securities (Hong Kong) Limited, Zhongtai International Securities Limited and Hong Kong Main Fund Securities Limited acted as the joint lead manager and joint bookrunner.
Our team was led by our Partner Mr. Rodney Teoh, supported by team members including Associates Ms. Angela Lau, Ms. Audrey Ng, Trainee Solicitor Mr. Austin Kot and Paralegal Mr. Gabriel Yu.
Stevenson, Wong & Co. acted for Neijiang Investment Holding Group Co., Ltd. (the “Issuer”) in its successful issuance of CNY$300 million 6% bonds due in 2026 (the “Bonds”). The Bonds were issued in the China (Shanghai) Pilot Free Trade Zone and are cleared through the China Central Depository & Clearing Co., Ltd.
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The Issuer is a state-owned enterprise 90% owned by the State-owned Assets Supervision and Administration Commission of Neijiang Municipal Government and 10% owned by Sichuan Provincial Department of Finance. It is the major investment and financing entity of the development and construction in Neijiang City.
Donghai International Securities (Hong Kong) Limited acted as the sole global coordinator, joint lead managers and joint bookrunners. China Zheshang Bank Co., Ltd. (Hong Kong Branch) and Zhongtai International Securities Limited acted as the joint lead managers and joint bookrunners.
Our team was led by our Partner Mr. Rodney Teoh, supported by team members including Associates Ms. Angela Lau, Ms. Audrey Ng, Trainee Solicitor Mr. Austin Kot and Paralegal Mr. Gabriel Yu.
Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Revere Securities, LLC, the underwriter of Millennium Group International Holdings Limited (NASDAQ: MGIH) (“Millennium Group”) in their successful listing on the Nasdaq Capital Market on 4 April 2023. Millennium Group offered a total of 1,250,000 Ordinary Shares, priced at US$4.00 per share. The aggregate gross proceeds from the Offering was US$5 million.
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Founded in 1978, Millennium Group is a long-established paper packaging solutions provider. Headquartered in Hong Kong, Millennium Group has two production facilities in Guangdong, China and a supply chain management office in Vietnam to provide their global clients with packaging solutions from Vietnam and other ASEAN countries.
Our Partners, Mr. Hank Lo and Mr. Gordon Tsang, together with Associate Mr. Bun Chan, acted as the Hong Kong legal counsel for the underwriter in the Nasdaq Listing.
Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.
Fraudulent Website Alert
It has come to our attention that fraudulent Facebook pages promoting as a law firm or organisation under the name of (1) “邦得国际律师事务所-李律师”/“邦得国际律师事务所-林律师”, (2) “源凯国际律师事务所咨询处”, and (3) “香港維權中心”, all use a stolen photograph of our partner, Ms. Heidi Chui, as part of their Facebook profile photographs. Ms. Heidi Chui has confirmed that her photograph was used without her knowledge and authority. The matters have been reported to regulators and authorities for further action.
Please be informed that our firm and Ms. Heidi Chui are not in any way whatsoever affiliated with “邦得国际律师事务所-李律师”/“邦得国际律师事务所-林律师”, or “源凯国际律师事务所咨询处” or “香港維權中心” or those Facebook pages.
Please also refer to the Scam Alert page on the website of the Law Society of Hong Kong for more details (https://www.hklawsoc.org.hk/en/Serve-the-Public/Scam-Alert).
Please take caution and do not click on any suspicious links or provide any personal information on any suspicious websites, emails or messages.
All rights of our firm and Ms. Heidi Chui are hereby expressly reserved.
Should you have any question, please contact us at info@sw-hk.com.
Thank you for your attention.
Stevenson, Wong & Co.
23 November 2023