Announcement

Starting the new year with a bang, 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 Semk Holdings International Limited (‘Semk Holdings’, Stock Code: 02250.HK) on its listing on the Main Board of the Hong Kong Stock Exchange (“HKEx”) on 17 January 2022. Unaffected by the current market instability, the successful Hong Kong Public Offering of Semk Holdings recorded an over-subscription by approximately 6.31 times. Semk Holdings’s listing is yet another project completed by the collaboration between Tongshang and Tongshang Hong Kong and which we proudly provided a “one-stop shop” with comprehensive PRC and Hong Kong legal services to the sole sponsor and underwriters.

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 including but not limited to BOCOM International Securities Limited, China Everbright Securities (HK) Limited, CMBC Securities Company Limited, First Shanghai Securities Limited, Fosun Hani Securities Limited, Grand China Securities Limited, Guotai Junan Securities (Hong Kong) Limited etc.

Semk Holdings International Limited is the second largest domestic character IP company and ranked fifth among all character IP companies in China, in terms of character licensing revenue in 2020, and with a market share of around 2.4% according to Frost & Sullivan.

The Tongshang Hong Kong team was led by our Managing Partner Eric Chow and Partner Priscilla Lee. Other team members include Associates Jessie Cheung and Lawrence Tam, supported by Trainee Solicitors Angela Ng and Jessica Yu.

We continue to be one of the leaders in the Hong Kong IPO market. According to latest data from Ryanben Capital, Tongshang was the no. 1 legal adviser to PRC law in the Hong Kong IPO league table by deal volume in 2021. (January – December 2021).

Eric Chow & Co. in Association with Commerce & Finance Law Offices advised Edvantage Group Holdings Limited （中汇集团控股有限公司） (HKEx: 0382) on its acquisition of the entire equity interest in Guangdong Sun City Industrial Co., Ltd. （广东太阳城实业有限公司）, which in turn wholly owns Guangdong Huashang Technical School (广东华商技工学校), for a consideration of RMB150 million. The acquisition constitutes a connected transaction, and structured contracts have been entered into for effective control and enjoyment of the economic benefits generated.

Guangdong Huashang Technical School is a private school in the PRC, which is principally engaged in the provision of secondary vocational training services.

The Tongshang Hong Kong team was led by Eric Chow (Managing Partner) and Priscilla Lee (Partner), supported by Jessie Cheung (Senior Associate) and Kathleen Liu (Trainee Solicitor).

We are pleased to announce that our Partner, Priscilla Lee, has been named as one of the Asia’s ‘Female Dealmakers, North Asia’ 2021 by Asian Legal Business (“ALB”).

With 15 years of notable corporate finance experience in Hong Kong, Priscilla is specialised in debt financing, private equity, direct investment, IPOs, M&A, and regulatory and compliance matters associated with listed companies in Hong Kong. Priscilla is experienced on guiding companies from pre-IPO financing through listing and beyond.

We’re delighted to announce that we have been recognized by Asian Legal Business (ALB) as one of the “Asia’s Fastest Growing Firms 2021”.

ALB Fastest Growing Firms Listing shortlisted the Top 30 fastest growing law firms across Asia, by its significant growth in fee-earners, expansion in the form of new offices, additions of key partners, important clients and revenue growth in a year.

Eric Chow & Co. in Association with Commerce & Finance Law Offices established in 2018, throughout the past years, we continued to expand to provide seamless legal services to our clients through the close collaboration and strong network with our PRC offices. We believe that people is the core element to sustain our growth strategy, that’s why it is our intention to provide a vibrant and enjoyable working environment to our people.