Harneys advises Rego Interactive Co., Ltd. on its Hong Kong IPO
Harneys acted as Cayman Islands counsel to Rego Interactive Co., Ltd. on its successful initial public offering with net proceeds of HK$119.3 million (US$15.3 million). Its shares were listed and commenced trading on the Main Board of the Hong Kong Stock Exchange on 17 October 2022.
Rego is a China-based marketing service provider, principally engaged in the provision of marketing and promotional services for advertisers through both online and offline channels via large-scale media platform operators, virtual goods sourcing and delivery services, advertisement distribution services, and advertisement placement services.
Partner Raymond Ng led the Harneys team with support from Senior Legal Manager Denise Chan. Raymond commented: “We were delighted to advise Rego on its successful listing which compliments its evolution in the advertising industry over recent years. We send our sincere congratulations to the team.”
The firm’s associated corporate and private wealth services business, Harneys Fiduciary, acts as the registered office and principal share registrar for Rego, providing the client with a seamless integrated service.
Ashurst provided Hong Kong legal advice to Rego and Chiu & Partners provided Hong Kong legal advice to the sole sponsor, CMBC International 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.