Announcement

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.

We are delighted to share that we have been named the “PRC Law Firm, Hong Kong Office of the Year” at the Asian Legal Business Hong Kong Law Awards 2023 last Friday.

This award recognizes our comprehensive offerings and the seamless collaboration between our PRC and Hong Kong offices. This integrated approach enables us to cater the diverse needs of our clients and offer them a one-stop-shop experience.
Our firm was also named the finalist in “M&A Deal of the Year”, while our Managing Partner Eric Chow was nominated as the “Managing Partner of the Year” for the second year.

We are deeply grateful for the support and confidence that our clients have in us since the set up of our Hong Kong office in 2018, which has been instrumental in our growth and success.