Hop Hing Holdings Limited’s HK$228 Million Privatisation

Howse Williams advised Hop Hing Group Holdings Limited in its privatisation by way of a scheme of arrangement proposed by its controlling shareholder.

Hop Hing Group Holdings Limited (HK:0047) was delisted from the Hong Kong Stock Exchange on 27 January 2022.

The Hop Hing’s scheme shareholders received, for each Hop Hing share, a cash consideration of HK$0.08. On this basis, the proposed privatisation involved a total consideration of around HK$228 million. Hop Hing is principally engaged in the operation of quick services restaurants business under the brand names Yoshinoya and Diary Queen in northern China.

Hop Hing is a Hong Kong-based investment holding firm that primarily operates quick service restaurant (QSR) franchises.

The HW team was led by corporate partners, Brian Ho (Picture) and Denise Che.

Involved fees earner: Denise Che – Howse Williams; Brian Ho – Howse Williams;

Law Firms: Howse Williams;

Clients: Hop Hing Group Holdings Ltd;

Sonia Carcano

Author: Sonia Carcano