Conyers provides BVI and Cayman advice to Miko on HKD420m IPO
Conyers Dill & Pearman in Hong Kong has provided British Virgin Islands (BVI) and Cayman Islands advice to Miko International Holdings on the HKD420m (£32m) initial public offering (IPO) of a People’s Republic of China (PRC) children’s clothing retailer.
The retail portion was oversubscribed 1,125 times, making it the eighth most wanted IPO ever in Hong Kong.
Conyers partner Christopher Bickley advised on the matter, working alongside Orrick, Herrington & Sutcliffe.
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A shareholder in a BVI company seeking to bring a derivative claim in Hong Kong must first obtain the permission of the BVI court.