ONC has advised Town Ray Holdings Limited (Stock Code: 1692) on its share offer and listing of shares on the Main Board of The Stock Exchange of Hong Kong Limited. Town Ray Holdings Limited has a market capitalisation of approximately HK$520 million at the time of the listing based on 400,000,000 shares in issue and an offer price of HK$1.30 per share.

Town Ray Holdings Limited is an advanced product developer and industrial designer as well as manufacturer and supplier for a broad range of electrothermic household appliances mainly to overseas markets, covering over 30 countries and regions to cater for the requirements of different customers.

ONC team was led by Ms. Angel Wong (Partner) with the support from Ms. Karina Cho (Associate) and Mr. Alex Man (Trainee Solicitor).