Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Sunlight Technology Holdings Limited (Stock Code: 1950) in its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited.
The shares of Sunlight Technology were listed on the Stock Exchange on 12 March 2020. Sunlight Technology offered a total of 250 million shares, among which 25 million shares were offered under the Hong Kong public offering and 225 million shares were offered under the international placing. The final offer price has been determined at HK$0.52 per offer share, and the net proceeds from the global offering are approximately HK$84.7 million.
Sunlight Technology and its subsidiaries (the “Group”) are an established faux leather chemicals manufacturer in the PRC principally engaged in the research and development, manufacturing and sale of coating agents and synthetic resins under the established brand of “????”. According to a report commissioned by the Group and independently prepared by an industry consultant, the Group ranked the fourth in the faux leather coating agents market in the PRC in terms of revenue in 2018.
he sole sponsor of the listing was Giraffe Capital Limited. The joint global coordinators were Giraffe Capital Limited and ChaoShang Securities Limited.
Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Sunlight Technology Holdings Limited with a team including Hank Lo (Picture), Rodney Teoh, Ellie Cheung, John Fu and Claire Sit.
Law Firms: Stevenson, Wong & Co.;
Clients: Sunlight Technology Holdings Limited;