Transaction

Find out all about our firm’s latest transaction below. To learn more about any individual item, please contact us here.

24 Mar 2023

Stevenson, Wong & Co. advised CBL International Limited (NASDAQ: BANL) on its successful listing on the Nasdaq Capital Market

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Pacific Century Securities, LLC, the underwriter of CBL International Limited (NASDAQ: BANL) (“CBL”) in their successful listing on the Nasdaq Capital Market on 23 March 2023. CBL offered a total of 3,325,000 Ordinary Shares, priced at US$4.00 per share. The aggregate gross proceeds from the Offering was US$13.3 million.

22 Mar 2023

Stevenson, Wong & Co. acted for Neijiang Investment Holding Group Co., Ltd. on its successful issuance of US$50 million 7.5% Guaranteed Bonds due 2026

Stevenson, Wong & Co. acted for Neijiang Investment Holding Group Co., Ltd. (the “Issuer”) on its successful issuance of US$50 million 7.5% guaranteed bonds due in 2026.

3 Mar 2023

Stevenson, Wong & Co. acted for Guizhou Shuanglong Airport Development & Investment (Group) Co., Ltd. on its successful listing and issuance of US$18.2 million 7.0% Credit Enhanced Bonds (Stock Code: 5735)

Stevenson, Wong & Co. acted for Guizhou Shuanglong Airport Development & Investment (Group) Co., Ltd. (the “Issuer”) in its successful issuance of US$18.2 million 7.0% credit enhanced bonds due in 2026 (the “Bonds”). The Bonds were listed on The Stock Exchange of Hong Kong Limited on 2 March 2023 (Stock Code: 5735).

23 Feb 2023

Stevenson, Wong & Co. advised Jiangxi Pharmaceutical Investment Co., Ltd. on its acquisition and unconditional mandatory cash offer of issued shares of Charmacy Pharmaceutical Co., Ltd.

Stevenson, Wong & Co. acted as Hong Kong legal advisers to Jiangxi Pharmaceutical Investment Co., Ltd. (the “Offeror”) in relation to (i) the acquisition of 9.0% (the “Acquisition”) of the entire issued share capital of the Charmacy Pharmaceutical Co., Ltd., a joint-stock company established in the PRC listed on The Stock Exchange of Hong Kong Limited (stock code: 2289) (“Charmacy”) with a consideration of HK$70,858,000 and (ii) the unconditional mandatory cash offer (the “Offer”) by the Offeror to acquire all the issued shares of the Company.

3 Feb 2023

Stevenson, Wong & Co. advised Neo-Concept Group in its issuance of non-convertible redeemable preference shares to VIAM

Stevenson, Wong & Co. acted as Hong Kong legal advisers to the Neo-Concept Group in relation to the issuance of non-convertible redeemable preference shares for a total consideration of US$15,000,000 to VIAM, including its affiliates.

17 Oct 2022

Stevenson, Wong & Co. advises Jiangmen City Haina New Energy Investment Partnership (Limited Partnership) on its cornerstone investment in the listing of CALB Co., Ltd. (Stock Code: 3931)

Stevenson, Wong & Co. advised Jiangmen City Haina New Energy Investment Partnership (Limited Partnership) (江門市海納新能源投資合夥企業 (有限合夥)) (“Jiangmeng New Energy”) on its cornerstone investment in the global offering of CALB Co., Ltd. (中創新航科技股份有限公司) (Stock Code: 3931) (“CALB”).

CALB was officially listed on the Main Board of The Stock Exchange of Hong Kong Limited on 6 October 2022 and has raised HK$9.9 billion from its initial public offering, making it the third-largest initial public offering by fund raised in Hong Kong this year. CALB’s market capitalisation upon listing was HK$10.1 billion. CALB is a leading new energy technology company mainly engaged in the design, research and development, production and sales of EV batteries and ESS products. CALB is one of the top 10 companies in the global EV battery industry and is the third-largest EV battery maker in the PRC.

Jiangmen New Energy is a limited liability partnership established under the laws of the PRC and is principally engaged in the investment in the new energy industry with its own funds. The ultimate beneficial owner of Jiangmen New Energy is the Administration Commission of Jiangmen City (江門市人民政府國有資產監督管理委員會). Jiangmen New Energy invested in RMB700 million as cornerstone investment in CALB, making it the single largest cornerstone investor in value in the listing of CALB.

The SW team was led by corporate Partner Mr. Hank Lo and Senior Associate Mr. Terence Lau, supported by Paralegal Ms. Bethany Zhang.

Please contact Mr. Hank Lo or Mr. Terence Lau for any enquiries or further information about this transaction.

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