Stevenson, Wong & Co. has advised the sponsor and underwriters to assist Royal Deluxe Holdings Limited (Stock Code: 3789) (“Royal Deluxe”) to list on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
SW acted as legal advisers to the sponsor and underwriters to assist Royal Deluxe Holdings Limited (Stock Code: 3789) (“Royal Deluxe”) to list on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
The shares were listed on the Stock Exchange on 8 February 2017. 300 million shares were offered. The final offer price was HK$0.56 per offer share and the net proceeds amounted to approximately HK$99.6 million.
Royal Deluxe and its subsidiaries (the “Group”) are a major subcontractor specialising in providing formwork erection and related ancillary services in Hong Kong. The Group has participated in a number of large-scale construction projects. Its direct customers are main contractors of building construction and civil engineering projects while its ultimate customers are owners of such projects, including the Hong Kong government, a public transport operator, a theme park and resort operator and property developers.
Frontpage Capital Limited acted as sponsor.
Frontpage Capital Limited, Pacific Fundation and Huajin International acted as Joint Bookrunners and Joint Lead Managers.
Stevenson, Wong & Co. has advised with a team including Eric Lui (Picture) and Rodney Teoh, supported by Veronica Cheung (associate), Phiona So (associate), Jane Yip (paralegal), Connie Wu (paralegal) and Jensen Chang (trainee solicitor).
Law Firms: Stevenson, Wong & Co.;