Ashurst represents Chinese online advertising platform Adtiger on share placement
17 November 2023
Global law firm Ashurst advised Adtiger Corporations Limited (the "Company") on the entering of a placing and subscription agreement with Kam Luen Securities Limited (the "Placing Agent"), on the the Placing of a maximum of 124,500,000 Placing Shares to not less than six Placees who and whose ultimate beneficial owners are third parties independent of the Company and its connected persons at the Placing Price of HK$0.104 per Placing Share.
Adtiger is an online advertising platform that connects advertisers with media publishers and primarily provides overseas online advertising services to China-based advertisers. Ashurst also advised the sole sponsor on the Company's global offering and listing of shares on the Main Board of the Hong Kong Stock Exchange.
The transaction was led by partner Frank Bi, supported by Venus Hui, Chris Ou and Lauren Lau.
