26 04 2016

Huajin International Holdings Limited's $42 Million Initial Public Offering

Stevenson, Wong & Co. assisted Huajin International Holdings Limited (2738.hk) in its global offering on HKEx


The shares were listed on The Stock Exchange on 15 April 2016. 150 million shares were offered, among which 135 million were offered for international placing. The final offer price was HK$2.38 per offer share and the net proceeds amounted to approximately HK$321.6 million. Huajin International Holdings Limited processes and sells cold-rolled carbon steel strips, sheets, and welded steel tubes in the People’s Republic of China. The company, led by Canwen Luo, Songqing Xu, Chi Ho Lee, Songman Xu and Chunniu Chen, is based in Jiangmen (CN). Deacons advised Shenwan Hongyuan Capital (H.K.) Limited acting as sole sponsor, global coordinator, bookrunner, lead manager and underwriter on the transaction. Deacons has advised with a team including Rhoda Yung (Picture) Stevenson, Wong & Co., AllBright Law Offices and Conyers Dill & Pearman assisted Huajin International Holdings Limited Stevenson, Wong & Co. has represented the company with a team including Involved fees earner: Rhoda Yung - Deacons;

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