Conyers provided Cayman and BVI legal advice to K Cash Corporation Limited (“K Cash”) in connection with its global offering and listing on the Main Board of the Stock Exchange of Hong Kong Limited (SEHK). The global offering comprised a total of 125,000,000 shares, priced at HK$1.80 per share, raised approximately HK$236.25 million, assuming over-allotment option is exercised in full.
K Cash was one of the first IPO to use Fast Interface for New Issuance (“FINI”). FINI is a new digital platform of SEHK which was only recently launched on 22 November 2023.
K Cash is a Hong Kong-based financial institution and is the fourth largest licensed money lender in Hong Kong in respect of the overall unsecured loan market in terms of revenue in 2022.
Partner Wynne Lau and Associate Noel Ng of Conyers’ Hong Kong office advised on the matter working alongside King & Wood Mallesons.