Harneys closes 2024 with completion of three Hong Kong IPOs
Dmall is the 12th British Virgin Islands company to have listed on the Hong Kong Stock Exchange. Being the largest retail digitalisation solution provider in China by revenue in 2023, Dmall provides retail digitalisation solutions to retailers engaged in the business of selling merchandise to consumers located in close proximity through offline channels or online channels.
With over 650 self-operated restaurants spreading across 14 provinces in China under operation, Xiaocaiyuan is a renowned chain restaurant in China’s mass Chinese cuisine market. The company was founded by Wang Shugao in 2013, who started his career as a chef.
As one of the applicants closing its listing on the final full-day trading day in Hong Kong, HealthyWay operates a digital health and medical service platform in China. It is the fourth largest digital health and medical service platform in terms of the number of registered individual users on its platform.
The Harneys team comprised Partner Raymond Ng, Counsel Denise Chan, Senior Associate Annie Liu, and Paralegal Matt Ip. Speaking about the projects, Raymond said: “We are delighted to end the year on a high, and are thankful to our clients and peers for their trust and support. With prediction for a better and stronger 2025, we are committed to proactively capturing the increasing opportunities in this rising market.”
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.
