Recently, Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, acted as the Hong Kong legal advisers to Yanchang Petroleum International Limited (“Yanchang Petroleum International”) (Stock Code: 346) in respect of the adoption of new share option scheme so that share options may be granted to its employees and other eligible participants in reward for their contribution in the future.
Yanchang Petroleum International engages in both the upstream and downstream sectors of the oil and gas Industry and is an important platform to develop the overseas business of the Yanchang Petroleum Group, the majority shareholder of Yanchang Petroleum International. Yanchang Petroleum Group is among the top four state-owned oil and gas enterprises in China, which ranked No. 234 in the Fortune Global 500 in 2021.
Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, handled the drafting of relevant documents of the new share option scheme and replies to the queries raised by The Stock Exchange of Hong Kong Limited, providing comprehensive, efficient and professional legal services to the client. The deal was led by lead partner Howard Lau and supported by associate Alaida Au and trainee solicitor Alex Tsoi.