The transaction marks an important milestone for the start-up environment in Hong Kong with the HKSFC aiming to ensure its regulatory standards are in line with international regulations to build a welcoming environment for financial technology companies considering investing in the City.

AngelHub co-founder and chief executive Karen Contet Farzam commented to the South China Morning Post “Hong Kong has been an ideal market for start-ups as it is close to other Asia-Pacific countries, while it is an international market itself. The Greater Bay Area offers a lot of business opportunities – it just needs a platform to match investors with start-ups. The SFC licences will make it happen.”

The Hong Kong based team was led by Partner Fiona Chan, assisted by Senior Associate Prabha Sasidharan and Associate Karina Li. Swartz Binnersley & Associates acted as Hong Kong counsel.

Fiona commented “The issuance of these licenses is a great moment for the Hong Kong financial technology industry. We were pleased to act as BVI counsel to AngelHub and we continue to advise them and its group of companies on all BVI corporate finance aspects of the transaction. The Hong Kong technology start-up industry continues to grow and Appleby is proud to be supporting businesses in this field.”

With technological innovation transforming offshore businesses and markets, Appleby has led the way amongst the offshore firms by launching a dedicated Global Technology and Innovation Group. With experts in Hong Kong and across its network of 10 offices, the group supports clients across a broad range of emerging technologies. Find out more at tech.applebyglobal.com.

Share
Twitter LinkedIn Email Save as PDF
More Deals
26 May 2020 | Deals

Appleby advises on the secondary listing of AMTD International in Singapore

Appleby acted as Cayman Islands counsel for AMTD International Inc. (“AMTD International”) in re...

Contributors: Paul Cheuk, Robert Sit
14 Apr 2020 | Deals

Appleby advises GLP’S strategic investment partnership with China Merchants Group

Appleby acted as Cayman Islands and BVI counsel to GLP in relation to its establishment of a strateg...

Contributors: Quinton Tse, Eason Huang
24 Mar 2020 | Deals

Appleby advises DBS Bank on financing for privatisation

Appleby’s Hong Kong office acted as BVI and Cayman Islands counsel to DBS Bank (DBS) on the acquis...

Contributors: Karina Li
16 Mar 2020 | Deals

Appleby advises InFraRed NF on its USD45.9 million Financing Investment in China

Appleby’s Hong Kong office acted as BVI and Cayman Islands counsel to InfraRed NF, in a USD45.9 mi...

15 Nov 2019 | Deals

Appleby advises China Automation Group on HKD 391,998,649 Scheme of Arrangement

Appleby represented China Automation Group (“CAG”) on a Cayman scheme of arrangement (“Scheme...

13 Nov 2019 | Deals

Appleby advises Ascendent Capital Partners on education-related investment

Appleby acted as Cayman Islands counsel to Ascendent Capital Partners (ACP) on its USD150 million in...

11 Nov 2019 | Deals

Appleby advises China Tianbao Group Development on its global offering and main board listing on the Hong Kong Stock Exchange

Appleby advises China Tianbao Group Development on its global offering and main board listing on the...

Contributors: Huiyan Liew
11 Sep 2019 | Deals

Appleby advises AMTD International Inc. on its listing on the New York Stock Exchange

Appleby advises AMTD International Inc. on its listing on the New York Stock Exchange

6 Aug 2019 | Deals

Appleby advises China Oil and Gas Group Limited on its issuance of USD 320 million senior notes

Appleby acted as Bermuda and BVI counsel for China Oil and Gas Group Limited (China Oil and Gas) in ...

Contributors: Paul Cheuk, Minnie Choi
22 Jul 2019 | Deals

Appleby advises Vanke Property (Overseas) Limited on its HKD 1,138.34 million transaction

Appleby acted as BVI, Cayman Islands and Jersey counsel for Vanke Property (Overseas) Limited (Vanke...

Contributors: Paul Cheuk, Minnie Choi