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HWB advised on the spin-off and separate listing of Pentamaster International Limited
Submitted by // C C Tan, Partner
19 January 2018

 

Howse Williams Bowers ("HWB"), a leading Hong Kong independent law firm, acted as the legal adviser to the sole sponsor, the joint bookrunners, the joint lead managers and the underwriters in relation to the HK$368 million share offer and listing of Pentamaster International Limited (Stock Code: 1665) on the Main Board of the Stock Exchange of Hong Kong. Altus Capital Limited acted as the sole sponsor while Yuanta Securities (Hong Kong) Company Limited and Crosby Securities Limited acted as the joint bookrunners, the joint lead managers and the underwriters. The shares commenced trading on the Main Board of the Hong Kong Stock Exchange on 19 January 2018.

Headquartered in Penang, Malaysia, Pentamaster is a leading automation technology and solutions provider to multinational manufacturers mainly in the semiconductor, telecommunications, automative and consumer electronics sectors spanning APAC, North America and Europe. Its broad range of integrated automation products and solutions entails innovating, designing, manufacturing and installing automated equipment and/or automated manufacturing solutions.

The listing of Pentamaster International Limited constitutes a spin-off from Pentamaster Corporation Berhad, which is listed on the Main Market of Bursa Malaysia. Pentamaster Corporation Berhad was named as one of the 200 Asia-Pacific public companies on Forbe's list of Asia's Best Under A Billion 2017.

The HWB team, led by partner Chia Ching Tan, had lead responsibility in the legal documentation, verification, corporate and regulatory issues and general transaction management.


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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; intellectual property; banking; financial services/corporate regulatory and compliance.

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Disclaimer: The information contained in this article is intended to be a general guide only and is not intended to provide legal advice.  Please contact pr@hwbhk.com if you have any questions about the article.