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Eversheds Sutherland advises on the IPO of In Construction Holdings Limited

  • Hong Kong


    The Hong Kong office of law firm Eversheds Sutherland has advised Oriental Patron Asia Limited and Oriental Patron Securities Limited on thef HK$132 million initial public offering (IPO) of In Construction Holdings Limited. The company was successfully listed on 16 April 2015.

    In Construction Holdings Limited is a contractor in the foundation industry in Hong Kong. It engages in foundation and associated works in the private sector construction projects, with an emphasis on design and build projects.

    The company raised HK$132 million by offering 200 million shares, of which 100 million new shares were offered in the public offer. In addition, 60 million new shares and 40 million sale shares were offered in the placing. This represented 25% of the company’s total issued share capital immediately after the completion of the IPO at HK$0.66 each. The public offer has been over-subscribed by approximately 447 times. The share price of the company closed at HK$1.19 per share on 16 April 2015, which is approximately 80.3% higher than the offer price of the company.

    Oriental Patron Asia Limited is the sole sponsor and Oriental Patron Securities Limited is the sole book runner and sole lead manager.

    The Eversheds Sutherland team was led by Partner Norman Hui, assisted by Joanne Chong, Shirley Chan and Magdalene Wong.

    Norman Hui commented:

    "We are extremely pleased to have assisted Oriental Patron Asia Limited and Oriental Patron Securities Limited on this successful IPO. It is a substantial listing which should assist the company in achieving future strategic growth."


    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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