10 Dec 2013 | 08:33 am |
Pinsent Masons has advised the Sponsor (Quam Capital Limited) and the Underwriters, on the HK$100 million (equivalent to approximately £7.9 million) placing of shares and listing of U Banquet Group Holding Limited (“U Banquet”) on the Growth Enterprise Market of the Hong Kong Stock Exchange.
U Banquet is a full-service Chinese restaurant chain operator in Hong Kong specialising in the provision of one-stop Chinese wedding banquet services. According to the Euromonitor Report, it is one of the top three players in the wedding banquet market in Hong Kong (including all full-service restaurants, hotels and club houses), in terms of market share by number of wedding banquets, for three consecutive years from 2010 to 2012.
The Pinsent Masons Team was led by Corporate Partner Kenneth Chong, with support from Senior Associate Sylvia Zee and Paralegal Abby Chen in the Hong Kong office.
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There was a 10% rise in the average prison sentence length for tax evasion last year jumping to 2 years 7 months*, up from 2 years 5 months, says Pinsent Masons, the international law firm.
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