We acted as the financial adviser to Yoshimoto on its HK$171 million Voluntary Conditional Securities Exchange Offer for Rojam Entertainment.

Our Role

  • pre-offer corporate restructuring

  • design of offer structure

  • advice on relevant areas of Hong Kong Takeovers Code and GEM Listing Rules

Key Issues

  • a precedent case in Hong Kong for an unlisted Japanese incorporated company offering shares for a GEM listed company

  • preparing the basis of valuation for unlisted stock with a limited history of operation

  • different regulatory policies between Hong Kong and Japan

  • differing reporting requirements under the Hong Kong Companies Law and Japanese Companies Law