Feb 2023
Conyers acted as Bermuda counsel to Kingston Financial Group Limited (“Kingston Financial”) in connection with its privatisation by Active Dynamic Limited by way of a scheme of arrangement under Bermuda law and its subsequent delisting from the Hong Kong Stock Exchange.
Kingston Financial and its subsidiaries (the “Group”) is leading financial institution in Hong Kong providing a full range of financial services, including securities brokerage, underwriting and placements, margin and initial public offering financing, corporate finance advisory services and futures brokerage services. The Group is also engaged in the hotel and gaming businesses in Macau. The Group is broadly classified into three operating segments, namely: (i) financial services segments; (ii) hotel and gaming segments; and (iii) securities investment segment.
Partners Teresa Tsai of Conyers’ Hong Kong office and Rhys Williams of Conyers’ Bermuda office advised on the matter working alongside Sidley Austin.