O’Melveny & Myers LLP recently represented World Wide Touch (Holdings) Limited in its US$105 million initial public offering of 86.1 million shares on the Main Board of the Hong Kong Stock Exchange. The offering was oversubscribed by 18 times and funds raised from the offering will be used to purchase and upgrade production equipment, research and development and facilitate potential future expansion. The sole bookrunner and sponsor is CMB International Capital and the joint lead managers are CMB International Capital and Haitong International Securities.
World Wide Touch Technology (Holdings) is a leading provider of capacitive touch pads by shipment volume for use in notebook computers and multi-media buttons, which may be used in smart phones, portable media players, handheld messaging and personal digital assistant devices, and peripheral computer equipment that are supplied to leading ODMs and ODMs. The company also researches and develops fingerprint biometric devices under the “C-touch” brand. In addition, the company produces plasma lighting products for street lamp applications.
The group has manufacturing facilities in Heshan, Guangdong Province, China and employs over 5000 employees in Hong Kong, China, and Taiwan.
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