Global law firm Herbert Smith Freehills Kramer has advised CITIC Securities (Hong Kong) Limited, Merrill Lynch (Asia Pacific) Limited and Guolian Securities International Capital Market Co., Limited as joint sponsors and underwriters on the listing of Shenzhen Kinwong Electronic Co., Ltd. (03228.HK, 603228.SS) on the Main Board of the Hong Kong Stock Exchange.
Kinwong Electronic is a globally recognised printed circuit board (PCB) manufacturer. It is the world’s largest automotive electronics PCB provider and ranks eleventh among all PCB providers worldwide.
“Hong Kong continues to provide an important platform for established industry leaders seeking access to international capital markets,” said Hong Kong partner Matt Emsley. “Kinwong Electronic’s listing reflects the market’s continued role in supporting high-quality companies with resilient businesses and long-term growth potential.”
Kinwong Electronic’s PCB products provide connectivity infrastructure for global customers in the automotive, telecommunication and data infrastructure, smart devices, industrial control and other sectors.
The company has more recently expanded its markets to include advanced technology fields such as AI computing, next-generation communication, AIoT, drones and robotics.
“We congratulate Kinwong Electronic on its successful listing on the Hong Kong Stock Exchange,” said Beijing partner Stanley Xie. “This is an important milestone for the company, and we are pleased to have supported Kinwong Electronic with our cross-border capital markets experience and understanding of technology and advanced manufacturing businesses.”
Herbert Smith Freehills Kramer has a strong track record advising on cross‑border China capital markets transactions, including Hong Kong listings of A‑share listed companies such as S.F. Holding Co., Ltd. (06936.HK, 002352.SZ), Jiangsu Hengrui Pharmaceuticals Co., Ltd. (01276.HK, 600276.SS), Shanghai Longcheer Technology Co., Ltd. (09611.HK, 603341.SS), Eastroc Beverage (Group) Co., Ltd. (09980.HK, 605499.SS), Mabwell (Shanghai) Bioscience Co., Ltd. (02493.HK, 688062.SS), Luxshare Precision Industry Co., Ltd. (02475.HK, 002475.SZ) and Nexchip Semiconductor Corporation (02249.HK, 688249.SS). These transactions, including those for Shanghai Longcheer Technology Co., Ltd., Luxshare Precision Industry Co., Ltd. and Nexchip Semiconductor Corporation, further demonstrate the team’s experience in cross-border capital markets transactions for companies in sectors related to advanced manufacturing.
Herbert Smith Freehills Kramer has advised on 13 Hong Kong IPOs that have listed over the past 12 months, with an aggregate value of HK$52 billion.
Partners Matt Emsley, Stanley Xie and Jin Kong* led a cross-office team advising the client, assisted by Maisie Ko, Sean Ji, Karen Chan, Mia Zheng, Hao Lin, Ariel Liu, Allen Wang, Renee Fung and Sophie Liang. Tian Ye, Derrick Zhao and Nicole Chan also provided assistance.
Legal manager Marine Jin led the Herbert Smith Freehills Kramer Kewei Joint Operation’s Digital Legal Delivery team in providing efficient support for verification and other document-intensive processes during the listing, assisted by Xiaojing Ye, Lan Lang, Lu Zhang and Cunting Lin.
*Due to regulatory requirements in Hong Kong, Jin Kong’s official title is Senior Registered Foreign Lawyer.