KWM helps move another company from the ASX to the HKEX

by |

King & Wood Mallesons (KWM) has helped move another company from the Australian Securities Exchange (ASX) to The Stock Exchange of Hong Kong (HKEX).

KWM advised Altus Capital Ltd, which was the sponsor, and Get Nice Securities Ltd and Sun Hung Kai Investment Services Ltd, which were the underwriters, on the listing of Dragon Mining on the main board of the HKEX. The KWM Hong Kong team advised on the listing, which raised about HK$101m.

Dragon Mining, which has operating mines, pre-production mining assets, and production plants in both Sweden and Finland, was delisted from the ASX on 19 October.

The KWM Hong Kong team was led by partner Candy Chan. She was supported by associates Jonathan Tsang and Omina Leung, trainee solicitor Andrew Watson and legal manager Nicholas Lee.

“Currently, there are only two transactions of this type in the market, and we managed to have worked on both and helped them listed this year,” Chan said. “The closing showcases our strength in offering one-stop-shop support and knowledge in respect of Hong Kong and Australian laws. Having advised on both the issuer and underwriters side for both listings, KWM has strengthened its market-leading position as the go-to law firm for transactions with Hong Kong and Australian elements.”

KWM helped pioneer a new scheme as Hong Kong and Australian counsel to the issuer in OPUS Group’s delisting from the ASX and listing on the HKEX in October. The Dragon Mining listing is the tenth listing in Hong Kong that the KWM team has completed this year.