Hong Kong. Nixon Peabody CWL advised longtime client Konfoong Materials International Limited (KFMI) (Stock Code 300666) on an IPO and listing of their shares on the Shenzhen Stock Exchange in China.
This IPO raised more than 253 million yuan (the equivalent of $37M USD) for KFMI, and the shares issued were over 2,800 times over-subscribed. Founded in 2005, KFMI is a high-tech company that makes metal and sputtering target materials for the semiconductor and integrated circuit industries.
Nixon Peabody CWL advised KFMI on the Hong Kong legal aspects of this IPO. Led by senior partner Cheng Hoo, Nixon Peabody CWL’s team also included partner CY Ho and associate Grace Yu.