Deacons advises Haitong International Capital in relation to SiS Mobile Holdings’ spin-off and IPO
January, 2015 - Hong Kong, Hong Kong
Deacons recently acted for the sole sponsor Haitong International Capital and the underwriters in relation to the spin-off and separate listing of SiS Mobile Holdings on the Main Board of the Hong Kong Stock Exchange by way of distribution in specie and global offering.
SiS Mobile is one of the leading distributors of mobile phones in Hong Kong. In 2013, the company was the largest distributor of mobile phones in Hong Kong in terms of revenue with a market share of approximately 21.7%. It is currently a wholly-owned subsidiary of SiS International Holdings which has been listed on the Main Board of the Hong Kong Stock Exchange since 1992.
SiS Mobile issued its prospectus on 31 December 2014, and is expected to be listed on the Main Board of the Hong Kong Stock Exchange on 15 January 2015.
The Deacons' team is led by partner Sabrina Fung from the corporate finance practice group.
Cleary Gottlieb Steen & Hamilton (Hong Kong) are the Hong Kong legal advisers to SiS Mobile.
