12 June 2018

KWM advises on Dowway Holdings' GEM listing by way of share offer


King & Wood Mallesons (KWM) advised the sole sponsor and underwriters under the laws of the Hong Kong SAR on the initial public offering (IPO) of Dowway Holdings Limited (Dowway Holdings, Stock Code: 8403) on GEM of The Stock Exchange of Hong Kong by way of share offer. 

Listed on 12 June 2018, the IPO comprised a total of 500 million shares issued and sold. Priced at HK$0.145 per share, the gross proceeds from the share offer was HK$72.5 million. Prior to the listing, the transaction involved a pre-IPO investment agreement with Longling Capital Ltd., one of the pre-IPO investors of Dowway Holdings.

Dowway Holdings is an integrated exhibition and event management services provider that principally engages in design, planning, coordination and management of exhibitions and events covering over 40 cities in the PRC.  

Longling Capital Ltd. is a capital investment institution wholly-owned by Mr. Cai Wensheng, the founder of Meitu Inc. Listed in Hong Kong, Meitu, Inc. is a China headquartered global mobile internet company known for its rich portfolio of Internet and smart hardware products such as Meitu, BeautyCam, Meipai, and Meitu Smartphones.

The KWM team was led by corporate & securities partner Anthony Wan, and supported by senior associate Matthew Yim and legal assistant Wallace Wong.






Media contact

Share on LinkedIn Share on Facebook Share on Twitter Share on Google+
    You might also be interested in

    We advised Prinx Chengshan (Cayman) Holding Limited on its IPO on the Main Board of HKEX.

    09 October 2018

    We advised OPUS Group on its move from the Australian Securities Exchange through a first-of-its-kind scheme of arrangement and HK-Main Board listing.

    08 October 2018

    We represented Qingdao West Coast as offeror under HK laws in the unconditional mandatory cash offer to acquire all shares in Prosper Construction.

    05 October 2018

    We advised CGN under the laws of the HKSAR and the PRC on multiple guaranteed bond issuances.

    26 September 2018

    Legal services for your business