Harneys advises distinguished Chinese TV producer on its Hong Kong IPO

Harneys acted as Cayman Islands counsel to Linmon Media Limited, a Tencent-backed Chinese drama series company, on its HK$420 million (US$53.5 million) Hong Kong initial public offering. Its shares were listed and commenced trading on 10 August 2022.

Linmon Media offers popular drama series and video-based content to top online platforms and major TV channels; recent shows include “A Little Dilemma” and “Nothing but Thirty”. Funds raised from the listing will be used for content production, recruitment of writers, marketing activities, investments, and acquisitions, as well as working capital.

The Harneys team was led by Shanghai Counsel Jessie Xu with support from Shanghai Partner Calamus Huang.

Jessie commented: “We are delighted to have advised Linmon Media on their Hong Kong IPO; we extend our sincere congratulations on their successful listing and we wish them well with their exciting growth plans.”

Clifford Chance provided Hong Kong and US legal advice and CM Law Firm provided PRC legal advice. Herbert Smith Freehills and Jingtian & Gongcheng provided Hong Kong and PRC legal advice to the joint sponsors and underwriters.

The Corporate team at Harneys advises on complex cross-border transactions involving British Virgin Islands, Cayman Islands, Luxembourg and Cyprus corporate vehicles. The team’s significant track record includes advising on high-profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures. The firm’s expertise lies in advising entities listed or listing on all major stock exchanges, including the New York Stock Exchange, NASDAQ, the London Stock Exchange, AIM, the Hong Kong Stock Exchange, the Shanghai Stock Exchange, and the Luxembourg Stock Exchange. The firm’s Shanghai-based team allows China-based clients to easily access an award-winning range of offshore legal services and fiduciary services.