Jurisdiction - Hong Kong
Deacons Advises Haitong International Capital In Relation To Vital Mobile Holdings IPO.

19 June, 2015


Following the successful listing of SiS Mobile Holdings Limited earlier this year, Deacons has recently assisted another mobile telecommunications industry player, Vital Mobile Holdings Limited, in tapping the Hong Kong market.

Vital Mobile published its IPO prospectus on 16 June 2015 seeking to raise up to approximately HKD 650m (subject to the exercise of over-allotment option) from the offering. Vital Mobile is expected to be listed on the Main Board of the Hong Kong Stock Exchange on 26 June 2015.  


Deacons acts for the sole sponsor Haitong International Capital Limited and the underwriters on the IPOs of both SiS Mobile and Vital Mobile.


“The telecommunications industry is one of the major sectors expected to launch IPOs in 2015.  We are delighted to have the opportunity to be involved in two of them”, said Ronny Chow, head of Deacons’ corporate finance practice group, who led the team on the IPO.  


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