Able Engineering Holdings’ $70.7 Million Shares Offering


Howse Williams Bowers (“HWB”) advised Able Engineering Holdings (“Able”), as the Hong Kong legal counsel, on its HK$550 million share offering, which was a spin-off from Hong Kong listed company, Vantage International (Holdings) Limited (“Vantage”).

Ample Capital acted as the sole sponsor while Ample Orient, Convoy Investment Services, First Shanghai Securities and Guoyuan Capital (Hong Kong) acted as joint bookrunners and lead managers. The shares commenced trading on The Stock Exchange of Hong Kong Limited on 20 February 2017.

Able is a well established construction company in Hong Kong that is principally engaged as a contractor in building construction and RMAA works in Hong Kong. This transaction was the second spin-off that HWB has completed for Vantage and one of the many IPOs that HWB has completed for companies in the construction industry.

The HWB team was led by partners, Brian Ho (Picture) and Denise Che.

Involved fees earner: Brian Ho – Howse Williams Bowers; Denise Che – Howse Williams Bowers;

Law Firms: Howse Williams Bowers;

Clients: Able Engineering Holdings Ltd;

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Author: Michael Patrini