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Eversheds Sutherland advises on the Hong Kong IPO of a leading camera module manufacturer

  • Hong Kong


    The Hong Kong office of law firm Eversheds Sutherland has advised CITIC Securities Corporate Finance (HK) Limited and CLSA Limited in connection with the HK$697.5 million initial public offering (IPO) of Q Technology (Group) Company Lifmited. The company was successfully listed on 2 December 2014.

    Q Technology (Group) Company Limited is one of the largest camera module manufacturers focusing on mid-to-high end camera module market in the PRC. The company enjoys a leading role in the Chinese camera module market and it ranked second and third, respectively, in the PRC camera module market for smart devices in terms of revenue and sales volume in 2013.

    The company raised HK$697.5 million by issuing 250 million shares, which represent 25% of the company’s total issued share capital immediately after the completion of the IPO, at HK$2.79 each.

    CITIC Securities Corporate Finance (HK) Limited, a leading investment bank in China, is the sole sponsor. CLSA Limited, a CITIC Securities Company, is the sole global coordinator, and CLSA Limited and DBS Asia Capital Limited are the joint bookrunners and joint lead managers.

    The Eversheds Sutherland team was led by Partners Stephen Mok and Norman Hui, assisted by Grace Leung, Rachel Han, Andrea Ng and Natalie Jiang.

    Stephen Mok commented:

    "Q Technology (Group) Company Limited is a leading camera module manufacturer in the region, which has shown impressive growth since it was founded. This IPO demonstrates the appetite in the market for strong and successful companies. We are extremely pleased to have assisted CITIC Securities Corporate Finance (HK) Limited and CLSA Limited which will help Q Technology (Group) Company Limited further develop its leading position in the PRC.

    Eversheds Sutherland has extensive experience in advising manufacturing companies on all manner of issues, our expertise spans not only China and Hong Kong but across more than 30 jurisdictions in which we operate.”

    Janet Yee, Managing Director, CITIC Securities Corporate Finance (HK) Limited, comments:

    “We are delighted with the outcome of this successful IPO. Eversheds Sutherland provided a strong and experienced team, who advised on all aspects of the transaction in a timely and professional manner."

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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