Nixon Peabody CWL advises on IPO of Asia Pioneer Entertainment Holdings Limited



November 15, 2017

Chief Communications Officer
Allison McClain
amcclain@nixonpeabody.com
617-345-1128

Hong Kong. Nixon Peabody CWL (NPCWL) recently advised Asia Pioneer Entertainment Holdings Limited on its listing (Stock Code: 8400) on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange by way of share offer.

The majority of its clients are mainly casino operators in Macau and electronic gaming equipment manufacturers. Asia Pioneer Entertainment Holdings Limited’s services include:

  • Technical sales and distribution of electronic gaming equipment to casino operators
  • Consulting services to manufacturers of electronic gaming equipment and technical services to manufacturers and casino operators
  • Repair services to casino operators

The shares Asia Pioneer Entertainment Holdings Limited offered under the public offer have been oversubscribed by approximately 14 times of the total number of shares initially available for subscription under the public offer. Asia Pioneer Entertainment Holdings Limited was listed on GEM of the Hong Kong Stock Exchange on November 15, 2017, raising approximately HK$70 million from the share offering before expenses.

The NPCWL team was led by senior partner Cheng Hoo and consultant Patrick Lee. Other members of the team include associate Katrina Ho, and trainee solicitors William Tong and Eric Li. Nixon Peabody partners David Cheng and Alexandra Lopez-Casero advised on the U.S. aspects of the offering with the assistance of NP CWL trainee solicitor Max Wong.

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