HW advised on the IPO of Persistence Resources Group Ltd

Howse Williams ("HW"), a leading Hong Kong independent law firm, acted as the legal adviser to the sole sponsor, the overall coordinator and the underwriters in relation to the HK$275.0 million global offering and listing of Persistence Resources Group Ltd (Stock Code: 2489) (“Persistence Resources”) on the Main Board of the Stock Exchange. Innovax Capital Limited acted as the sole sponsor, while Innovax Securities Limited acted as the overall coordinator and the sole global coordinator. Innovax Securities Limited, CCB International Capital Limited, Zhongtai International Securities Limited, ABCI Capital Limited, BOCOM International Securities Limited, SPDB International Capital Limited, Citrus Securities Limited, Quam Securities Limited, Valuable Capital Limited, CMBC Securities Company Limited and First Shanghai Securities Limited acted as the joint bookrunners and joint lead managers. The shares commenced trading on the Main Board of the Hong Kong Stock Exchange on 22 December 2023.


Persistence Resources is the third largest gold mining company in the Shandong Province in 2022. It is a gold exploration, mining and processing company established in 2005 and located in Yantai city of the Shandong Province in China. It sells gold bullion derived from gold concentrate processed by it.  

The HW team, led by partner Chia Ching Tan, had lead responsibility in drafting of prospectus, verification process, legal documentation, corporate and regulatory issues and 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; property and building management; banking; fraud; distressed debt; investment funds; virtual assets; financial services/corporate regulatory and compliance.


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