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.
In addition to the successful issuance of bonds in an aggregate principal amount of US$25,000,000 by Weifang Guokong Development Group Co., Ltd. (Weifang GuoKong) in January 2025, Stevenson, Wong & Co. acted as international counsel to the issuer in connection with Weifang Guokong’s successful offering of CNY481,000,000 6.9% bonds due 2027. These bonds are listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd.
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The placing agents of this offering include Harmonia Capital Limited, CNCB Capital, Donghai International, Excellent Tide Securities, HTF Securities, ICBC International, Pulun International, Shenwan Hongyuan Securities (H.K.), Soochow Securities (Hong Kong), Target Securities and Zhongtai International.
Weifang Guokong is mainly responsible for the construction of infrastructure and promoting the strategic economic and social development in Weifang City. The group is mainly engaged in three principal business segments: infrastructure construction, road maintenance and commodities trading.
Our team comprised our partners Hank Lo, Erica Cheng or Gordon Tsang, senior associate Anthony Wong and trainee solicitor Selina Tsang.
Please contact Hank Lo, Erica Cheng or Gordon Tsang for any enquiries or further information about this transaction.
The placing agents of the offering include Harmonia Capital Limited, CNCB (Hong Kong) Capital Limited, Donghai International Securities (Hong Kong) Limited, Blackwell Global Securities Limited, CMBC Securities Company Limited, Danehill Capital Limited, Golden Continent Securities Co., Limited, Huijin Securities International Limited, ICBC International Securities Limited, Shenwan Hongyuan Securities (H.K.) Limited, Sino Partner International Securities Limited, SPDB International Capital Limited and Zhongtai International Securities Limited.

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Weifang Guokong Development Group Co., Ltd. (Weifang GuoKong), a company incorporated in the People’s Republic of China with limited liability, is controlled by the Weifang SASAC and serves as the main infrastructure construction entity in Weifang City. Weifang Guokong is mainly responsible for the construction of infrastructure and promoting the strategic economic and social development in Weifang City. The Group is mainly engaged in three principal business segments: Infrastructure construction, road maintenance and commodities trading.
Our team comprised our partners Hank Lo, Erica Cheng and Gordon Tsang, senior associate Anthony Wong and trainee solicitor Kayla Yu.
Please contact Hank Lo, Erica Cheng or Gordon Tsang for any enquiries or further information about this transaction.
Stevenson, Wong & Co. acted as the Hong Kong legal adviser to Dominari Securities LLC and Revere Securities, LLC (the “Joint Underwriters”), the joint underwriters of Diginex Limited (NASDAQ: DGNX) (“Diginex”) in the successful listing on the Nasdaq Capital Market on 22 January 2025 (the “Nasdaq Listing”). Diginex offered a total of 2,250,000 Ordinary Shares, priced at US$4.10 per share. The aggregate gross proceeds from the Offering was US$9,225,000.
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Diginex owns 100% of Diginex Solutions (HK) Limited. Diginex Solutions (HK) Limited is headquartered in Hong Kong and is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance, climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.
Our Partners, Hank Lo and Gordon Tsang, and Associate Ben Chan, acted as the Hong Kong legal counsel for the Joint Underwriters in the Nasdaq Listing and provided comprehensive Hong Kong legal services.
Please contact Hank Lo or Gordon Tsang for any enquiries or further information about this transaction.
Stevenson, Wong & Co. acted as the Hong Kong legal adviser to Alexander Capital, L.P. and Revere Securities, LLC (the “Joint Underwriters”), the joint underwriters of Ming Shing Group Holdings Limited (NASDAQ: MSW) (“Ming Shing”) in the successful listing on the Nasdaq Capital Market on 22 November 2024 (the “Nasdaq Listing”). Ming Shing offered a total of 1,500,000 Ordinary Shares, priced at US$5.50 per share. The aggregate gross proceeds from the Offering was US$8.25 million.
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Ming Shing is primarily operated through their indirectly wholly-owned Hong Kong operating subsidiaries. They mainly engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works.
Our Partners, Hank Lo and Gordon Tsang, and Associate Ben Chan, acted as the Hong Kong legal counsel for the Joint Underwriters in the Nasdaq Listing and provided comprehensive Hong Kong legal services.
Please contact Hank Lo or Gordon Tsang for any enquiries or further information about this transaction.
Stevenson, Wong & Co. acted as the Hong Kong legal adviser to R. F. Lafferty & Co., Inc. (“R. F. Lafferty”), the underwriter of Galaxy Payroll Group Limited (NASDAQ: GLXG) (“Galaxy Payroll”) in its successful listing on the Nasdaq Capital Market on 12 September 2024 (the “Nasdaq Listing”). Galaxy Payroll offered a total of 2,000,000 ordinary shares, priced at US$4.00 per share. The aggregate gross proceeds from the offering was US$8 million.

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Galaxy Payroll is a reputable payroll outsourcing service, employment, consultancy and market research service provider based in Hong Kong which provides services through its indirectly wholly-owned subsidiaries to customers mainly categorized as (i) global human resources’ service providers engaged by companies/organizations to handle payroll and/or employment-related matters for their branch offices in different regions; (ii) end-users which are mainly multinational companies/organizations that outsource their payroll and/or employment functions to Galaxy Payroll directly; and (iii) end-users consulting Galaxy Payroll for their future expansion worldwide.
Our Partners, Hank Lo and Gordon Tsang, together with Associate Gary Kwok, acted as the Hong Kong legal counsel for R. F. Lafferty in the Nasdaq Listing.
Please contact Hank Lo or Gordon Tsang for any enquiries or further information about this transaction.
Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Lapco Holdings Limited (Stock Code: 8472) (“the Company”) in the establishment of a sponsored Level 1 American Depositary Receipt (“ADR”) Facility (the “Facility”) with The Bank of New York Mellon as depositary bank with effect from 9 August 2024. This is the first time in recent years that a GEM-listed company successfully established ADR facility.
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The ADR is a negotiable receipt, resembling a stock certificate that is issued by a U.S. depositary bank appointed by the Company to evidence one or more American Depositary Shares (‘‘ADSs’’). Under the Facility, the ADSs will be issued against ordinary shares of the Company trading on the GEM Board of The Stock Exchange of Hong Kong Limited deposited with a custodian bank under the Facility and traded in the U.S. over-the-counter market.
The Company is an investment holding company. The Company along with its subsidiaries is mainly engaged in the provision of environmental hygiene services in Hong Kong. The Company operates its businesses through four business segments: Cleaning Services, Pest Management Services, Waste Management and Recycling Services, and Landscaping Services. The cleaning services cover public and private, residential, commercial and industrial buildings.
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Our Partners, Mr. Hank Lo and Mr. Gordon Tsang and Associate, Mr. Ben Chan, acted as the Hong Kong legal counsel for the establishment of the Facility.
Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.
