Deacons advised Max Sight Group Holdings Limited in relation to its listing on GEM of the Hong Kong Stock Exchange by way of share offer.
Max Sight Group is a leading automatic ID photo booth operator in Hong Kong operating an iconic brand “Max Sight Photo 名仕快相” and “名仕富美” for automatic ID photo booths in Hong Kong and Guangdong Province, respectively. According to a market research report commissioned by the company, it was the only photo booth operator with a 100% market share of the automatic ID photo service market in Hong Kong and also the largest photo booth operator with a 43.3% share of the total ID photo services market in terms of revenue in Hong Kong in 2016 respectively.
Max Sight Group published its IPO prospectus on 15 February 2018. Dealings in its shares on GEM of the Hong Kong Stock Exchange commenced on 28 February 2018.
Deacons’ team is led by Kelvan Cheung, Partner of our Corporate Finance Practice Group.