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HWB advises on the IPO of Elegance Commercial and Financial Printing Group Limited

Howse Williams Bowers ("HWB"), a leading Hong Kong independent law firm, acted as the legal adviser to the sole sponsor and the underwriters in relation to the approximately HK$66.0 million share offer and listing of Elegance Commercial and Financial Printing Group Limited (Stock Code: 8391) ("Elegance") on GEM of the Stock Exchange. VBG Capital Limited acted as the sole sponsor while VBG Capital Limited and Quasar Securities Co., Limited acted as the joint lead managers. The shares commenced trading on GEM of the Hong Kong Stock Exchange on 11 May 2018.

Elegance is an established printing service provider which principally provides commercial printing and financial printing services in Hong Kong. It ranked second among commercial printing service providers in Hong Kong in terms of revenue for the year ended 31 March 2017.

The HWB team, led by partner Chia Ching Tan, had lead responsibility in the verification process, legal documentation, corporate and regulatory issues and general transaction management.

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