Advised the controlling shareholder of Xin Yuan Enterprises Group Limited (stock code: 1748) (Xin Yuan) on the sale of 29% of the issued share capital of Xin Yuan to an independent third party purchaser for an aggregate consideration of HK$176 million approximately. The transaction was completed on 30 July 2019.
Xin Yuan is an investment holding company principally engaged in provision of asphalt tanker chartering services under various types of charter agreement.
Advised Shanghai MicroPort Endovascular MedTech Co., Ltd. (stock code: 688016) (SH MicroPort) (a subsidiary of MicroPort Scientific Corporation listed on the Main Board of the Hong Kong Stock Exchange (stock code: 853)), as Hong Kong counsel, on the listing of Shanghai Stock Exchange STAR Market. SH MicroPort raised approximately RMB832 million.
SH MicroPort is principally engaged in the development and sale of medical instruments including peripheral vascular stents, aortic balloon dilation catheters, aortic stent grafts, and other related products.
Dealing in the shares of SH MicroPort on the Shanghai Stock Exchange STAR Market commenced on 22 July 2019.
Advised Yangzhou Guangling District Taihe Rural Micro Finance Company Limited (stock code: 1915) (Taihe) on its transfer of listing from the GEM to the Main Board of the Hong Kong Stock Exchange.
Taihe is principally involved in micro and small loan business in Yangzhou City by providing financing solutions to its customers as a form of financial assistance.
Dealing in the shares of Taihe on the Main Board of Hong Kong Stock Exchange commenced on 17 July 2019.
