We acted as the financial adviser to Yoshimoto on its HK$171 million Voluntary Conditional Securities Exchange Offer for Rojam Entertainment.

• pre-offer corporate restructuring
• design of offer structure
• advice on relevant areas of Hong Kong Takeovers Code and GEM Listing Rules

• a precedent case in Hong Kong for an unlisted Japanese incorporated company offering shares for a GEM listed company
• preparing the basis of valuation for unlisted stock with a limited history of operation
• different regulatory policies between Hong Kong and Japan
• differing reporting requirements under the Hong Kong Companies Law and Japanese Companies Law