21 March, 2016
Deacons has advised Rongsheng Asset Management on its acquisition of a HK$1.13 billion stake in Addchance Holdings via subscription of new shares and application for whitewash waiver.
Rongsheng Asset Management is an indirect wholly-owned subsidiary of Zhongrong International Trust. Addchance Holdings is a leading textiles and garment manufacturer listed on the Hong Kong Stock Exchange.
The Deacons team advising on the transaction included partners Ronny Chow and Ronnie Bow alongside senior associate Canny Lau and associate Veronica Hui.