20 Jun 2016
IPO of Chuan Holdings Limited (SEHK)
Howard Cheam, Hoon Chi Tern and Lim Yi Chao from the Capital Markets / Mergers and Acquisitions Practice Group acted as the Singapore legal advisers to Chuan Holdings Limited in its IPO on the Main Board of the Hong Kong Stock Exchange.
The shares commenced trading on 8 June 2016. Chuan Holdings Limited (through its wholly-owned subsidiary, Chuan Lim Construction Pte. Ltd.) is engaged in (i) the provision of earthworks services for the construction industry, and (ii) general construction works including A&A services, in Singapore. Based on the offering price of HK$0.88, the market capitalisation of Chuan Holdings Limited was HK$880 million.