Hong Kong. Nixon Peabody CWL (NPCWL) recently advised the sole sponsor, Kingsway Capital Limited, and the underwriters in relation to the listing of CROSSTEC Group Holdings Limited (Stock Code: 3893) on the Main Board of the Hong Kong Stock Exchange by way of share offer.
CROSSTEC Group Holdings provides total interior design solutions, including millwork and furniture provision, facade development and fabrication, and design and project consultancy. The majority of its clients are global luxury goods and high-end fashion brands with retail boutiques across the world.
The shares of CROSSTEC Group Holdings offered under the public offer have been oversubscribed by approximately 1,695 times of the total number of shares initially available for subscription under the public offer. CROSSTEC Group Holdings was listed on the Main Board of the Hong Kong Stock Exchange on 12 September 2016, raising approximately HK$90 million from the share offering.
The NPCWL team was led by partner Kenneth Wong. Other members of the team included consultant Patrick Lee; associates Nadine Lai and Katrina Ho; and trainee solicitors William Tong and Mara Hui.