Harneys advises on US IPOs of Plutus Financial Group, OneConstruction Group, and Pharma Digital Technology Holdings
Supporting three companies with successful Nasdaq listings and over US$21 million in fundraising
Harneys acted as Cayman counsel in the initial public offerings of Plutus Financial Group, OneConstruction Group, and Pharma Digital Technology Holdings, facilitating their successful listing on the Nasdaq Capital Market. Trading under the symbols PLUT, ONEG, and HKPD, the transactions collectively raised gross proceeds of approximately US$8.4 million, US$7 million, and US$5.6 million, respectively
Plutus Financial Group, a Hong Kong-based holding company, manages two subsidiaries, Plutus Securities and Plutus Asset Management. Plutus Securities, licensed by the SFC, delivers trading, margin financing, and capital market services. Meanwhile, Plutus Asset Management provides wealth management, fund management, and investment consulting across various asset classes.
OneConstruction Group is a leading structural steelwork contractor headquartered in Hong Kong, catering to both public and private sector projects. Their expertise spans procurement and installation of structural steel for residential, commercial
Pharma Digital Technology Holdings operates within Hong Kong’s OTC pharmaceutical cross-border e-commerce sector. The company offers end-to-end supply chain services, including procurement, regulatory compliance, warehousing, and logistics, with operations extending across Mainland China. Their integrated solutions address the increasing demand for efficient pharmaceutical supply chain services.
By leveraging Harneys’ expertise, these companies have successfully navigated the complexities of IPO and Nasdaq listing processes. The achievement underscores Harneys’ position as a trusted legal advisor for global fundraisers and market leaders.
The Harneys team comprised Partner Raymond Ng, Counsel Denise Chan, and Paralegal Matt Ip. Speaking about the deals, Raymond said: “We are proud to have played a pivotal role in facilitating these successful Nasdaq listings. Grateful for the trust placed in us, we look forward to future opportunities and remain dedicated to driving success with expertise and focus.”
The Corporate team at Harneys has a leading Equity Capital Markets (ECM) practice with substantial experience in all aspects of capital raising by offshore companies, including IPOs and secondary offerings, rights issues, equity linked securities, including convertible and exchangeable bonds, SPACs and business combinations, as well as private placements, take-privates, takeovers and spin-offs. The firm’s ECM 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.
