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KWM advises on ASX to Hong Kong listing

KWM advises on ASX to Hong Kong listing

Global firm King & Wood Mallesons has advised OPUS Group Limited on its move from the Australian Securities Exchange through a scheme of arrangement and listing on the Main Board of The Stock Exchange of Hong Kong.

Firm: King & Wood Mallesons (OPUS Group)

Deal: OPUS Group has de-listed from the ASX and transferred shares to Left Field Printing, the Group’s newly-incorporated Bermudan holding entity, through a scheme of arrangement with shareholders.

Area: Corporate

Value: Net proceeds raised from the share offer were approximately HK$68.1 million

Key players: The KWM Hong Kong team was led by partners John Baptist Chan and Candy Chan, who were supported by associates Alan Wong and Sunny Lam.

The Australian team was led by partner Nigel hunt with assistance from senior associate Brenda Valdez.

Deal significance: KWM said this scheme of arrangement marked the first successful delisting of an Australian-listed company from the ASX to be made in conjunction with the listing on the HKEX of a Bermudan holding entity.

A cross-border team from KWM Hong Kong and Australia worked to “successfully deliver the transaction, marking the first international law firm to provide an ASX-listed entity seamless one-stop-shop support and advice in respect of the laws and listing rules of both Hong Kong SAR and Australia”, it said.

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