Harneys advises MTT Group Holdings Limited on its Hong Kong IPO
Harneys acted as Cayman Islands counsel to MTT Group Holdings Limited on its successful initial public offering with net proceeds of HK$71.2 million (US$9.1 million). Its shares were listed and commenced trading on the Main Board of the Hong Kong Stock Exchange on 26 September 2022.
MTT Group is a vertically integrated IT solutions provider, principally engaged in the distribution of IT products in Hong Kong and the provision of system integration solutions in Hong Kong, China, and Macau, operating through two different trade names, namely TriTech and Multisoft, respectively.
Partner Raymond Ng and Senior Legal Manager Nicholas Fong led the Harneys team. Raymond commented: “We are delighted to advise MTT Group, a business which began in 2006 with a ‘Hong Kong’ story, on its successful listing and send our sincere congratulations to the team.”
Our associated corporate and private wealth services business, Harneys Fiduciary, acts as the registered office and principal share registrar for MTT Group, providing our clients with a seamless integrated service.
Bird & Bird provided Hong Kong legal advice to MTT Group and P. C. Woo & Co. provided Hong Kong legal advice to the sole sponsor, Innovax Capital Limited.
The Corporate team at Harneys advises on complex cross-border transactions involving British Virgin Islands, Cayman Islands, Luxembourg, and Cyprus corporate vehicles. The team’s significant track record includes advising on high-profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures. The firm’s expertise lies in advising entities listed or listing on all major stock exchanges, including the New York Stock Exchange, NASDAQ, the London Stock Exchange, AIM, the Hong Kong Stock Exchange, the Shanghai Stock Exchange, and the Luxembourg Stock Exchange.