Announcement

On 10 July 2024, Eric Chow & Co. in Association with Commerce & Finance Law Offices (“Tongshang Hong Kong”) represented the Sole Sponsor and the Underwriters of Ruichang International Holdings Limited (“Ruichang International”, Stock Code: 01334.HK) in its listing and global offering on the Main Board of the Hong Kong Stock Exchange. The offering has raised approximately HK$173.8 million. First Shanghai Capital Limited acted as the sole sponsor in the transaction.

Ruichang International is a petroleum refinery and petrochemical equipment manufacturer based in Henan Province, the PRC.

Tongshang Hong Kong acted as the Hong Kong legal advisor to the Sole Sponsor First Shanghai Capital Limited and the Underwriters in this listing. The listing of Ruichang International has been the fourth IPO projects successful completed by Tongshang Hong Kong this year. Tongshang Hong Kong remains the No. 1 legal adviser among PRC associated firms in the Hong Kong IPO league table by deal count in the past six months (through May 2024), according to Ryanben Capital.

On 3 July 2024, Eric Chow & Co. in Association with Commerce & Finance Law Offices (“Tongshang Hong Kong”), together with our PRC office, Commerce & Finance Law Offices (“Tongshang”), jointly represented the Sole Sponsor and the Underwriters of Xi’an Kingfar Property Services Co., Ltd. (“Kingfar Property”, Stock Code: 01354.HK) in its listing and global offering of H shares on the Main Board of the Hong Kong Stock Exchange. The offering has raised approximately HK$125 million. CEB International Capital Corporation Limited acted as the sole sponsor in the transaction.

Kingfar Property is a state-owned comprehensive city service and property management service provider in Shaanxi Province with presence in Northwest China.

Tongshang and Tongshang Hong Kong acted as the PRC and Hong Kong legal advisors, respectively, to the Sole Sponsor CEB International Capital Corporation Limited and the Underwriters in this listing. The listing of Kingfar Property marks the successful completion of the third IPO projects undertaken by the collaboration between Tongshang and Tongshang Hong Kong this year. Tongshang Hong Kong remains the No. 1 legal adviser among PRC associated firms in the Hong Kong IPO league table by deal count in the past six months (through May 2024), according to Ryanben Capital.

Tongshang Hong Kong team was led by Managing Partner Eric Chow and Partner Brandon Chow. Other team members include Corporate Finance Director Gary Tam, Counsel Kevin Tian, Senior Associate Lawrence Tam, Associate Angela Ng and supported by Trainee Solicitor Hans Kang and Legal Assistant Yunsi Xie.

Tongshang Hong Kong is pleased to announce that Eunice Chiu has joined the firm as a Consultant in our Dispute Resolution Practice. Ms Chiu who is dual-qualified in Hong Kong and Canada has a wealth of experience in advising financial institutions, corporations and high net-worth individuals in multi-jurisdictional disputes. Her practice covers both litigation and arbitration and practice areas include bankruptcy and insolvency, shareholders' disputes, fraud/quasi-criminal complaints, contentious probate, and employment and data privacy-related litigation.

The appointment of Ms. Chiu demonstrates our commitment to further strengthen our Dispute Resolution Practice and our capabilities in meeting the needs of our diverse range of clients.

Eunice was named one of the “50 Women to Watch” by Corporate Counsel Business Journal (CCBJ) in 2023. Most recently (2024), Eunice has been ranked by Who’s Who Legal （WWL）as a “Recommended Lawyer” in the PRC, Hong Kong SAR and Macao SAR for her work in Restructuring & Insolvency.

On 23 April 2024, Eric Chow & Co. in Association with Commerce & Finance Law Offices (“Tongshang Hong Kong”), together with our PRC office, Commerce & Finance Law Offices (“Tongshang”), jointly represented the Sole Sponsor and the Underwriters of Tianjin Construction Development Group Co., Ltd. (“TJCD”, Stock Code: 02515.HK) in its listing and global offering of H shares on the Main Board of the Hong Kong Stock Exchange, with a market capitlisation of approximately HK$539 million at the time of listing.

Tianjin Construction Development Group is a construction group based in Tianjin which offers comprehensive construction services. According to the Frost & Sullivan Report, the Group ranked fourth among the private companies engaged in municipal public construction in Tianjin in terms of revenue generated from municipal public construction works in 2022.

Tongshang and Tongshang Hong Kong acted as the PRC and Hong Kong legal advisors, respectively, to the Sole Sponsor China Everbright Capital Limited and the Underwriters in this listing. The listing of Tianjin Construction Development Group Co., Ltd. marks the successful completion of the third IPO projects undertaken by the collaboration between Tongshang and Tongshang Hong Kong within the past 4 months, where we proudly provided “one-stop shop” comprehensive and high quality PRC and Hong Kong legal services.

Tongshang Hong Kong team was led by Managing Partner Eric Chow and Partner Brandon Chow. Other team members include Counsel Winnie Tang, Associates Evelyn Cheung and Carol Chan, and supported by Trainee Solicitor Hans Kang.