Baker McKenzie successfully assisted Dmall Inc. (Stock Code: 2586) with the placing of existing shares and top-up subscription of new shares, raising approximately HKD388 million.
The net proceeds will be used for the company’s R&D investment in stablecoins and blockchain, technology advancement and for general corporate purposes. Please refer to the company's announcement for further details about the deal.
Partner and Co-chair of Asia Pacific Capital Markets Practice Christina Lee led the Baker McKenzie team, with support from Special Counsel Anthony Pang and Senior Associate Phoebe Wang.
China International Capital Corporation Hong Kong Securities Limited and Guotai Junan Securities (Hong Kong) Limited acted as the overall coordinators and managers for the transaction.
Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world's leading financial institutions and multinational companies. The Firm regularly advises target companies, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, as well as issuers on their proposed listing and fundraising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is well-positioned to guide clients through every stage of the process — providing valuable insights on regulatory developments that may affect the value and feasibility of cross-border transactions, as well as on ongoing compliance matters. The team also assists listed companies in the restructuring of shareholdings, the use of stock as consideration, and the execution of block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fundraising through various schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.