04 July 2019

KWM advises mobile gaming company Homeland Interactive on its Hong Kong IPO

King & Wood Mallesons (KWM) advised China Everbright Capital Limited as the sole sponsor and other underwriters SBI China Capital Financial Services Limited and China Galaxy International Securities (Hong Kong) Co., Limited on the HK$424 million global offering and initial public offering (IPO) of Homeland Interactive Technology Ltd. (Homeland Interactive, HKEX Stock Code: 3798) on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).

Homeland Interactive was listed on the HKEX on 4 July 2019. The IPO was priced at HK$1.35 and comprised a total of 314,000,000 shares. Homeland Interactive is a leading localised mobile card and board game developer and operator in China with a focus on localised Mahjong and poker games.

KWM has extensive experience representing issuers and underwriters on Hong Kong listings for companies in the Telecommunications, Media, Entertainment and Technology sector. This successful closing further strengthens the firm’s track record in this space, adding to over 15 listings completed by the Hong Kong Equity Capital Markets team. Recent listings in the past three years include Left Field Printing Group Limited and Zhicheng Technology Group Ltd. in 2018; Putian Communication Group Limited in 2017; and China Digital Video Holdings Limited in 2016.

The team was led by Hong Kong-based partner John Baptist Chan, with support from associates Carlton Ng and Nathaniel Lau.

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