Kenneth Ma

Senior Associate

+852 2151 2590

kennethma@tongshang.com


Kenneth's practice focuses on initial public offerings (IPOs), corporate finance, and mergers and acquisitions (M&A). He has extensive experience advising on a wide range of corporate finance transactions, including public and private M&As, restructurings, IPOs, venture capital, and financing.

In addition, Kenneth regularly advises listed companies on a wide range of legal and regulatory matters, including compliance with listing rules and regulatory requirements, corporate governance and secretarial matters, as well as legal issues arising from their business operations.

  • Work Experience
  • Education
  • Admissions and Qualifications
  • Language

Initial Public Offerings (IPOs)

Represented ChowChow Cloud International Holdings Limited (NYSE: CHOW) as Hong Kong legal counsel in connection with its initial public offering on the NYSE American (listed on September 17, 2025).

Represented FAR International Holdings Group Company Limited (Stock Code: 2516) as legal counsel to the issuer in connection with its initial public offering on the Main Board of The Stock Exchange of Hong Kong Limited (listed on December 22, 2023).

Represented ANOV Holdings Company Limited (Stock Code: 2260) as legal counsel to the issuer in connection with its initial public offering on the Main Board of The Stock Exchange of Hong Kong Limited (listed on January 11, 2022).

Represented Daily Entech Holding Limited (Stock Code: 1790) as legal counsel to the issuer in connection with its initial public offering on the Main Board of the Hong Kong Stock Exchange (listed on November 29, 2018).

Represented Tradego Fintech Limited (Stock Code: 8017) as legal counsel to the issuer in connection with its initial public offering on the GEM of the Hong Kong Stock Exchange (listed on September 28, 2018).

Represented Li Bao Ge Group Limited (Stock Code: 1869) as legal counsel to the issuer in connection with its transfer of listing from the GEM to the Main Board of the Hong Kong Stock Exchange (listed on September 5, 2018).

Represented Dowway Holdings Limited (Stock Code: 8403) as legal counsel to the issuer in connection with its initial public offering on the GEM of the Hong Kong Stock Exchange (listed on June 2, 2018).

Represented Kakiko Group Limited (Stock Code: 2225) as legal counsel to the issuer in connection with its initial public offering on the Main Board of the Hong Kong Stock Exchange (listed on October 17, 2017).


Post-IPO Fundraising and Transactions

Represented Tenson Holdings Limited (Stock Code: 1201) as the legal counsel to the issuer in relation to its HK$60 million placing of new shares.

Represented a listed issuer in relation to its HK$420 million share placement/subscription.

Represented Li Bao Ge Group Limited (Stock Code: 1869) as the legal counsel to the issuer in relation to its HK$47.6 million placing of new shares.

Represented Tenson Holdings Limited (Stock Code: 1201) as the legal counsel to the issuer in relation to its HK$350 million open offer.

 

Mergers & Acquisitions (M&A)

Advised a listed natural gas company on the establishment of a joint venture with a total capital contribution of RMB 10 billion.

Advised a listed natural gas company on its acquisition of a corporate group holding franchise rights, with a total transaction value exceeding RMB 1 billion.

Advised a state-owned enterprise (SOE) on its USD 200 million investment in a fund.

Advised a client on the disposal of their equity interest in a medical group to a listed company.

 

Takeovers Code Matters

Acted for the CPMC Holdings Limited (Stock Code: 906) in relation to its competing offers and privatization proposals from two competing offerors.

Acted for AVIC International Holdings Limited (Stock Code: 161) in relation to its H-share voluntary withdrawal of listing and privatization by AVIC International Holding Corporation.

Advised the offeror on its mandatory unconditional cash offer for the shares of Vertical International Holdings Limited (Stock Code: 8375).

Advised the offeror on its mandatory unconditional cash offer for the shares of Tourism International Holdings Limited (Stock Code: 1626).

City University of Hong Kong, 2013, PCLL
The University of Law, 2012, JD
The Chinese University of Hong Kong, 2007, BBA

Solicitor, Hong Kong SAR

English, Cantonese and Mandarin