Yuk Wing Group Holdings Ltd. (“Yuk Wing Group”, 01536.HK) was successfully listed on the main board of HKEX on January 11, 2017. It issues 100 million shares globally at a price of HK$ 1.15/share, and net proceeds raised total HK$ 88.30 million.

Yuk Wing Group is Hong Kong’s leading manufacturer and supplier of rock drilling and piling equipment. Its main business is producing and sale of rock drilling and piling tools for architectural foundation, construction site piling, mining, well digging and mini tunnel, etc. Its production site is in Shunde city of Guangdong province. According to Frost & Sullivan, Hong Kong’s rock drilling and piling industry is dominated by five players, with a market concentration as high as 94.3%, of which Yuk Wing is the largest. In terms of revenue in 2015, Yuk Wing’s market share in Hong Kong is 59.2%, an absolute leader.

Jingtian & Gongcheng is the PRC legal counsel of the underwriter, and fully participates in the listing of Yuk Wing Group, including onshore and offshore restructuring, due diligence, compliance, etc.