Zhicheng Technology’s $8.28 Million Initial Public Offering

King & Wood Mallesons advised the sole sponsor and the underwriters as the Hong Kong counsel on the initial public offering (IPO) of Zhicheng Technology Group Ltd. (Zhicheng Technology, Stock Code: 8511) on the GEM of The Stock Exchange of Hong Kong by way of share offer.

Listed on 20 April 2018, the IPO comprised a total of 100 million shares issued and sold. Priced at HK$0.65 per share, the gross proceeds from the offering was approximately HK$65 million.

RaffAello Capital Limited is the sole sponsor, and RaffAello Securities (HK) Ltd. acts as the sole bookrunners and Sole lead managers in relation to the Share Offer.

Zhicheng Technology is a smart manufacturing solutions provider with a focus on precision 3D testing solutions and precision machining solutions in China.

The KWM team was led by corporate & securities partner Anthony Wan (Picture), and supported by associate Derek Yu, legal assistant Wallace Wong and paralegal Kevin Tian.

Involved fees earner: Anthony Wan – King & Wood Mallesons; Derek Yu – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: RaffAello Capital Limited;


Author: Michael Patrini