Announcement

On 9 January 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 Concord Healthcare Group Co., Ltd. (“Concord HC GP”, Stock Code: 02453.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 over HK$10 billion at the time of listing. CICC and Haitong International acted as the joint sponsors in this transaction.

Concord Healthcare Group Co., Ltd. is an oncology healthcare service provider in China serving both cancer patients and third-party medical institutions, with a market share of 0.5% in terms of revenue in 2022 in the private oncology healthcare service market in China, according to the F&S Report.

The collaboration between Tongshang and Tongshang Hong Kong has led to another successful achievement with the listing of Concord Healthcare. As the PRC and Hong Kong legal advisers for the issuer, 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, Partners Clement Jiang and Brandon Chow, supported by Legal Assistant Ziwei Qiu.

On 22 December 2023, 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 Pu’er Lancang Ancient Tea Co., Ltd. (“Lancang Tea”, Stock Code: 06911.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$225 million at the time of listing. Lancang Tea is the only Pu'er specialist company and the second tea company to be listed on the Main Board of the Hong Kong Stock Exchange.

Pu’er Lancang Ancient Tea Co., Ltd. is one of the most famous Pu’er tea brands in China and is also the third largest Pu’er tea company in China in terms of revenue generated from Pu’er tea products with a market share of 2.4% in 2022.

Lancang Tea’s listing is yet another project completed by the collaboration between Tongshang and Tongshang Hong Kong acting as the Joint Sponsors and Underwriters’ PRC and Hong Kong legal advisers, respectively, 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 Clement Jiang. Other team members include Registered Foreign Lawyer Kevin Tian, Legal Manager Sofia Long and supported by Legal Assistants Yunsi Xie, Ziwei Qiu and Peiqi Liu .

The Securities and Futures Commission in Hong Kong has recently launched a consultation on proposed guidelines for market soundings. The objective of this consultation is to bring clarity to regulatory expectations and assist intermediaries in their compliance with the general principles for conducting market soundings in capital market transactions honestly, fairly, and in the best interests of their clients and the integrity of the market. The consultation period will conclude on 11 December 2023. Read our latest newsletter below for the proposed reform.

Read our latest newsletter by scanning the QR code above.

Tongshang Hong Kong is pleased to announce the appointment of David Ting as a Senior Consultant who heads up our Global Private Wealth and Family Office practice. David has more than 16 years of experience working with leading investment banks, private banks, law firms, high-net-worth individuals and family offices. He specializes in setting up, reorganizing, and managing family trusts and family offices.

Prior to joining Tongshang Hong Kong, David served as the head of strategic development and senior legal counsel at two of the most prominent family offices in Greater China over the past 5 years. Furthermore, David has previous experience in corporate finance, having worked at leading international investment bank and two international law firms. David has also gained hands-on experience in the private banking sector, adding to his comprehensive skill set. His diverse background enables him to provide holistic and all-rounded solutions to clients.

By welcoming David to Tongshang Hong Kong, we further strengthen our commitment to providing comprehensive and integrated legal services to our clients.