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Advised Holly Futures (stock code: 3678) on its acquisition of properties in Nanjing, the PRC at an aggregate consideration of approximately RMB 275 million. The acquisition constituted a major transaction under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.


Holly Futures is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. Holly Futures Group is principally engaged in futures brokerage business, asset management business, commodity trading and risk management business as well as financial assets investment (including securities, funds, bank entrustment, wealth management products issued by banks and asset management plans).

Advised China Dredging Environment Protection Holdings Limited (“China Dredging”) on its issue of shares worth HK$102 million (the “Issuance”), which is equivalent to 51.05% of the issued share capital of China Dredging immediately prior to the Issuance, to its director and substantial shareholder, Mr. Liu Kaijin (“Mr. Liu”) under specific mandate. Chungs Lawyers applied on behalf of Mr. Liu for a whitewash waiver to the Hong Kong Securities and Futures Commission pursuant to Note 1 on dispensation from Rule 26 of the Takeovers Code and thus Mr. Liu is not required to make a mandatory offer, which would otherwise be required as a result of the Issuance. China Dredging also undertook a 2-for-1 share consolidation and a change in board lot size from 1,000 to 20,000 before proceeding to the Issuance.

China Dredging is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. China Dredging is principally engaged in capital and reclamation dredging businesses.

Advised L.K. Technology Holdings Limited (stock code: 558) (“L.K. Tech”) on major transactions in relation to an urban renewal project involving a disposal of properties at a consideration involving (i) a monetary consideration of RMB350 million; and (ii) the title to the redeveloped properties which were estimated to have a gross development value of approximately RMB1,249 million.


The transactions have been approved by a written shareholder’s approval in lieu of holding a general meeting pursuant to Rule 14.44 of the Listing Rules.


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.