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HWB advises on the first ever IPO of a PRC investment fund manager approved by the CSRC to list outside of the PRC
Submitted by // B Ho, Partner
13 November 2018

 

Howse Williams Bowers ("HWB"), a leading Hong Kong independent law firm, advised Shanghai Realway Capital Assets Management Co., Ltd. (Stock Code: 1835) ("Realway Capital" or the "Company") as the Hong Kong legal counsel on the approximately HK$191.7 million listing of the shares on the Main Board of the Hong Kong Stock Exchange. Alliance Capital Partners Limited acted as the sole sponsor while Alliance Capital Partners Limited and Yue Xiu Securities Company Limited acted as the joint global coordinators. The shares commenced trading on the Hong Kong Stock Exchange on 13 November 2018.

Realway Capital is the first investment fund manager to obtain approval for the issuance of H-Shares by the China Securities Regulatory Commission of the PRC. Realway Capital is an investment fund managers specialising in the management of real estate investment funds in the PRC and was the 10th largest real estate investment fund manager in China as at 31 December 2017. Realway Capital's funds portfolio covers commercial real estate projects, distressed assets projects and urbanisation and redevelopment projects.

HWB is proud to work with Realway Capital in making today an important milestone for the Company and PRC investment management industry.

The HWB team was led by partner, Christopher Yu. The team had lead responsibility on drafting of listing documents, legal documentation, providing advice on corporate and regulatory issues and undertaking general transaction management.


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Howse Williams Bowers 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; intellectual property; 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.

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.