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Deals & Transactions

RHTLaw: Advised Singapore’s Kwan Yong Holdings Limited on its HKEX IPO, the 1st of 2020

09.01.2020

Acted for Kwan Yong, one of Singapore’s largest main contractors, in its HKEX IPO, which was the 1st of 2020. Based on the offer price of HK$0.65 per share, the post-IPO market capitalisation of Kwan Yong is HK$520 million. The IPO raised HK$88.4 million in net proceeds, with the public offering 48.73 times over-subscribed. SPDB International Capital Limited was the sole sponsor and global coordinator of the IPO.