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Advised L.K. Technology Holdings Limited (stock code: 558) (“L.K. Tech”) on a top-up placing. The shares of L.K. Tech placed by the Placing Agent represent approximately 4.79% of the issued share capital of L.K. Tech as enlarged by the subscription.


The net proceeds from the subscription are approximately HK$562.23 million. L.K. Tech intends to use the net proceeds from the subscription for increasing production efficiency and capacity of the group’s business, and as general working capital of the group.


L.K. Tech is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. L.K. Tech Group is principally engaged in the design, manufacture and sales of hot chamber and cold chamber die-casting machines, plastic injection moulding machines, computerised numerical controlled machining centres and related accessories. L.K. Tech Group is also engaged in steel casting.

Chungs Lawyers (in association with DeHeng Law Offices) advised the Joint Lead Managers as to English law on the issuance of US$37,500,000 3.50% credit enhanced Bonds due 2022 by Honghe Development Group Co. Ltd.(the “Issuer”) .

The Issuer was established in October 2013 and is the primary entity that undertakes infrastructure development and poverty alleviation project construction work in Honghe Hani and Yi Autonomous Prefecture (“Honghe Prefecture”). The Issuer is directly and wholly owned by the State-owned Asset Supervision and Administration Commission of Honghe Hani and Yi Autonomous Prefecture (“Honghe Prefecture SASAC”) and is a key facilitator of the infrastructure construction and poverty alleviation plan of the Honghe Prefecture Government.

The bonds issued on 14 April 2021.

Chungs Lawyers in association with DeHeng Law Offices advised China Fordoo Holdings Limited (“China Fordoo”) on its acquisition of OPCO (the “OPCO”), which is principally engaged in the operation of sales and market of automobiles through an online e-commerce platform in the PRC, by way of VIE structure. China Fordoo is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (stock code: 2399) (the “Hong Kong Stock Exchange”), and is principally engaged in the design, sourcing, manufacturing and sales of its branded menswear in the PRC.


The transaction constituted a discloseable transaction, connected transaction and continuing connected transaction under Chapter 14 and Chapter 14A of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (“Listing Rules”).


Chungs Lawyers in association with DeHeng Law Offices successfully applied on behalf of China Fordoo to the Hong Kong Stock Exchange for a waiver to comply with the requirement to convene a general meeting and accept written shareholder’ approval in lieu of a general meeting to enter into the VIE Agreements and the continuing connected transactions contemplated thereunder. In addition, the Hong Kong Stock Exchange also granted the waiver: (1) from fixing the term of the VIE Agreements for a period of not exceeding three years pursuant, and (2) setting a maximum aggregate annual cap for the service fees payable by the OPCO.