Tag Archives: shares

Crowd-sourced funding – why you might or might not

Since September last year, early stage companies in Australia have had a number of options when it comes to fundraising. This includes crowd sourced funding (CSF). Already, a number of companies have tested out CSF which now enjoys legislative recognition. In this article, we look at some recent developments and consider what’s involved in CSF, why you might raise funds through CSF, and why you might think twice about it. Our previous thinking on this topic can be found here and here.

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ILN Today Post

Sit, Fung, Kwong & Shum acts for Lau

We acted for Mr. Joseph Lau, Luen-hung in the distribution of all the 74.99% shares in Chinese Estates Holdings Limited indirectly held under a discretionary trust founded by him. Chinese Estates is company listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 127) with market capitalisation of over HK$20 billion. After the distribution on 1 March 2017, Mr. Lau Ming Wai (the son of Mr. Joseph Lau) and Ms Chan Hoi Wan (the spouse of Mr. Joseph Lau), as trustee for her minor children Lau Chung-hok and Lau, Sau-wah, indirectly hold shares representing approximately 24.97% and 50.02% of the total issued share capital of Chinese Estates respectively.

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