Capital markets - equity
Woo Kwan Lee & Lo is the favourite long-standing local law firm among Hong Kong publicly listed companies. Although the firm was less active than its competitors in IPO and listing work, Woo Kwan Lee & Lo was kept busy throughout the year by bonus issues, top-up placings, and open offers for clients with an established relationship with the firm.
Most notable was the firm's representation of Henderson Land Development Company in relation to its bonus issue of 429 million warrants, valued at HK$24.9 billion ($3.2 billion). Of the IPOs the firm was involved in, leading lawyer Carmelo Lee acted for the issuer Sundart International Holdings in its HK$600 million ($77 million) global offering and HKSE listing.