Law firm Stephenson Harwood LLP has advised Tailam Tech Construction Holdings Limited on its HK$102.7 million IPO in conjunction with the primary listing of its shares on the Main Board of The Hong Kong Stock Exchange Limited. The public offer portion of Tailam’s IPO in Hong Kong was oversubscribed by approximately 42 times.

Tailam manufactures and sells prestressed high-strength concrete (PHC) piles and commercial concrete in the People’s Republic of China (PRC). Its products are sold primarily to property developers and construction companies in Jiangsu Province, PRC, where it has a production plant. 

Prior to its recent listing in Hong Kong, Tailam’s sole operating subsidiary in the PRC was listed on the National Equities Exchange and Quotations (NEEQ, also known as the New Third Board) of the PRC. Stephenson Harwood, together with Tailam’s PRC counsel, advised on that subsidiary’s delisting from the NEEQ and the restructuring of Tailam for and as part of its Hong Kong listing.  

The Stephenson Harwood team was led by partner Ivan Tan, who was assisted by registered foreign lawyer Poh Ling Lim, associates Fiona Chan and Clara Chai and senior legal manager Michelle Sun.