Howse Williams ("HW"), a leading Hong Kong independent law firm, advised Vantage International (Holdings) Limited (stock code: 15) ("Vantage") as Hong Kong legal counsel in relation to its privatisation by way of a scheme of arrangement proposed by its controlling shareholder. Vantage was subsequently delisted from the Hong Kong Stock Exchange on 22 October 2020.

In brief, the Vantage's scheme shareholders received, for each Vantage share, a cash consideration of HK$0.90. On this basis, the proposed privatisation involved a total consideration of around HK$547 million. Vantage is principally engaged in the contract works business, the property investment and property development business and the provision of finance business in Hong Kong.

The HW team was led by corporate partner, Brian Ho. The team had lead responsibility for the structuring of the transaction and the legal documentation required to implement the scheme, communication with the regulators 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; 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.