Howse Williams ("HW"), a leading Hong Kong independent law firm, advised Centenary United Holdings Limited as the Hong Kong legal counsel on the HK$135.0 million listing of the shares of Centenary United Holdings Limited ("Centenary United" or "The Company") on the Mainboard of the Hong Kong Stock Exchange. Fortune Financial Capital Limited was the sole sponsor of the initial offering. The shares commenced trading on the Hong Kong Stock Exchange on 18 October 2019. The IPO was well received by the retail investors in Hong Kong and the Hong Kong public offer was oversubscribed by over 22 times.
Centenary United is the largest 4S dealership group in Zhongshan, Guangdong province of the People’s Republic of China. The Company carries mainstream brands including Dongfeng Nissan, FAW Toyota, Beijing Hyundai, and FAW Volkswagen. It is one of the first Greater Bay Area concept companies to list on the Hong Kong Stock Exchange.
HW is excited to have played a part in supporting the Greater Bay Area ("GBA") strategy. The firm also takes pride in assisting its client to successfully close this IPO which is an important milestone for Centenary United and the Greater Bay Area community.
The HW team was led by corporate partner Christopher Yu who was supported by associates Salina Cheung and Jennifer Lui. They had lead responsibility on drafting of listing documents, legal documentation, providing advice on corporate and regulatory issues and undertaking general transaction management.
Howse Williams is an independent law firm which combines the in-depth experience of its lawyers with a forward thinking approach.
Our key practice areas are corporate/commercial and corporate finance; commercial and maritime dispute resolution; clinical negligence and healthcare; insurance, personal injury and professional indemnity insurance; employment; family and matrimonial; property and building management; banking; fraud; financial services/corporate regulatory and compliance.
As an independent law firm, we are able to minimise legal and commercial conflicts of interest and act for clients in every industry sector. The partners have spent the majority of their careers in Hong Kong and have a detailed understanding of international business and business in Asia.
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