Announcement

We’re delighted to announce that we have been recognized by Asian Legal Business (ALB) as one of the “Asia’s Fastest Growing Firms 2021”.

ALB Fastest Growing Firms Listing shortlisted the Top 30 fastest growing law firms across Asia, by its significant growth in fee-earners, expansion in the form of new offices, additions of key partners, important clients and revenue growth in a year.

Eric Chow & Co. in Association with Commerce & Finance Law Offices established in 2018, throughout the past years, we continued to expand to provide seamless legal services to our clients through the close collaboration and strong network with our PRC offices. We believe that people is the core element to sustain our growth strategy, that’s why it is our intention to provide a vibrant and enjoyable working environment to our people.

We are pleased to announce that our Hong Kong Managing Partner, Eric Chow, has been recognized as one of the Asia’s ‘40 Under 40’ 2021 list by Asian Legal Business (“ALB”).

ALB Asia’s annual 40 Under 40 list profiles the most accomplished lawyers (including lawyers in private practice and in-house) in Asia under 40 years of age, who provided high-quality legal work and have gone above and beyond for their clients or the industry. Throughout his 15 years of practice, Eric has been highly regarded by his colleagues, peers and clients, with one client describing him as “a very capable corporate partner who has great track record in his career with international law firms and has recently positioned himself well in tapping into Commerce & Finance's vast network and expertise in Mainland China, and extending that to Hong Kong to better serve his clients.”

On 12 August 2021, Eric Chow & Co. in Association with Commerce & Finance Law Offices (“TSHK”) advised Zhejiang Baron (BVI) Company Limited (the “Issuer”), an offshore wholly-owned subsidiary of Hangzhou Shangcheng District Urban Construction & Comprehensive Development Co., Limited (formerly known as “Hangzhou Jianggan District Urban Construction & Comprehensive Development Co., Limited”), (“Hangzhou Shangcheng Comprehensive Development” or the “Guarantor”) in a total of US$200 million, 2.25 per cent. guaranteed bonds due 2024, with 10.5 times oversubscribed at its peak, setting a record for the lowest interest rate of U.S. Dollar bonds on the same rating platform in the PRC.

Hangzhou Shangcheng Comprehensive Development was founded on 25 March 2003 with a registered capital of RMB 3 billion, and mainly carries out regional comprehensive development projects, including land development, construction of relocation housing projects and management of infrastructure and public facilities development projects. It also engages in product sales, commercial housing and real estate development, property management and other principal operating activities, which continues to diversify its business portfolio and is committed to provide collaborative development within its core business.

TSHK acted as the international legal adviser to the Issuer and the Guarantor, providing legal services in relation to the issuance, including drafting the offering circular, preparing and submitting listing application documents and other legal documents. The team was led by Eric Chow (Managing Partner) and Priscilla Lee (Partner), supported by Kevin Tian (Registered Foreign Lawyer) and Ziwei Qiu (Legal Assistant).

Eric Chow & Co. in Association with Commerce & Finance Law Offices (“TSHK”) advised Tomorrow Education Technology Limited (“Tomorrow Education”) in an acquisition of approximately 75% of the issued shares in CTEH INC. (HKEX: 1620), a listed company of the Main Board of The Stock Exchange of Hong Kong Limited, for a consideration of HK$273 million, which triggered the requirement to make a mandatory unconditional general offer (the “General Offer”) under the Hong Kong Takeovers Code.

The General Offer was completed at approximately HK$0.2278 per share of CTEH INC., valuing at HK$273 million of its total issued share capital. CTEH INC. is principally engaged in providing travel products and services in Canada and in the United States. CCB International Capital Limited acted as the financial adviser of Tomorrow Education.

TSHK led the legal due diligence process of the acquisition, as well as the negotiations, preparation and the execution of transaction documents for the acquisition and the General Offer. The team was led by Eric Chow (Managing Partner) and Priscilla Lee (Partner), assisted by Brandon Chow (Counsel) and Kathleen Liu (Trainee Solicitor).