Howse Williams advises on the listing of XXF Group Holdings Limited

Howse Williams, a leading Hong Kong independent law firm, advised Quam Capital Limited as the sole sponsor, Quam Securities Limited as the sole overall coordinator, the sole global coordinator, the joint bookrunner and the joint lead manager, CCB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMB International Capital Limited, Eddid Securities and Futures Limited, Fortune (HK) Securities Limited, Innovax Securities Limited, Livermore Holdings Limited, Luk Fook Securities (HK) Limited, Shenwan Hongyuan Securities (H.K.) Limited, SPDB International Capital Limited and ZMF Asset Management Limited as the joint bookrunners and the joint lead managers, as the Hong Kong legal counsel, on the HK$113 million listing of the shares of XXF Group Holdings Limited ("XXF") on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").


XXF is an established automobile retailer providing automobile finance lease service primarily through its self-operated sales outlets in the People’s Republic of China (the "PRC"). XXF ranked 4th in terms of transaction volume of direct finance lease and 19th in terms of transaction volume of retail automobile finance lease among all retail automobile finance lease companies, including both direct finance lease and sale-leaseback, in the PRC in 2022. The shares commenced trading on the Hong Kong Stock Exchange on 9 November 2023, under the stock code 2473.


The Howse Williams team was led by partners, Heidi Lee and Yvonne Zhang. The team had lead responsibility on the preparation of various legal documentation, providing advice to the sole sponsor and the underwriters on corporate and regulatory issues, communicating with the regulators and undertaking general transaction management.



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Our key practice areas are corporate/commercial and corporate finance; commercial and maritime dispute resolution; clinical negligence and healthcare; insurance, personal injury and professional indemnity insurance; employment; family and matrimonial; trusts and wealth preservation; wills, probate and estate administration; property and building management; banking; fraud; distressed debt; investment funds; virtual assets; financial services/corporate regulatory and compliance.


As an independent law firm, we are able to minimise legal and commercial conflicts of interest and act for clients in every industry sector. The partners have spent the majority of their careers in Hong Kong and have a detailed understanding of international business and business in Asia.


Disclaimer: The information contained in this article is intended to be a general guide only and is not intended to provide legal advice. Please contact [email protected] if you have any questions about the article.