Addleshaw Goddard’s Hong Kong equity capital markets team has recently advised on the successful listing by Nga Chun Holdings Company Limited (Nga Chun) on the Main Board of the Hong Kong Stock Exchange. The team advised the sponsor, Ample Capital Limited and the underwriters, Ample Orient Capital Limited and Convoy Investment Services Limited.
Nga Chun is one of the five largest building services companies in Hong Kong, providing services to construction contractors in public and private sectors. The listing (which was completed on the 16 October 2014) gives the company an initial market capitalisation of approximately HK$440 million.
The Addleshaw Goddard team was led by partner Daniel Wan and supported by Simon Wong, Yen Yum, Lizzie Wei, Karen Han, Veronica Wu and Liu Yi Yi. Daniel and his team have been involved in many Hong Kong IPOs covering companies in a wide range of sectors, including insurance, healthcare, financial services, energy, infrastructure, retail, and property.
Daniel Wan commented: “The team has acted on many IPOs over the years but this is the first one we have done out of our Hong Kong office since it opened in 2013, so it marks an important milestone for us. We expect the Hong Kong IPO market will continue to boom given Hong Kong’s unique geographical location to Mainland China, the country that enjoys the highest economic growth. We are confident that our relevant knowledge, experience and passion will allow us to continue to provide a quality service to our clients in a growing market”.
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