Hogan Lovells advises on sale of shares in Tongda Group Holdings

Hogan Lovells has advised Macquarie Capital Securities and Standard Chartered Securities (Hong Kong) as bookrunners and placing agents on the sale of 600 million existing shares in Tongda Group Holdings by Landmark Worldwide Holdings and the subscription of the same number of new shares by Landmark Worldwide, raising approximately HKD672m (£52m).

Landmark Worldwide is Tongda’s controlling shareholder.

Tongda Group Holdings, a company listed on the Hong Kong Stock Exchange, is a supplier of high-precision components of consumer electronic products.

The Hogan Lovells team advising Macquarie and Standard Chartered on the transaction was led by Hong Kong partner Terence Lau and supported by partner Thomas Tarala and associate Don Chan.