Business broker LP Lammas heads for GEM listing this week

The company hopes to cash in on deals with Chinese asset management companies to generate interest.
LP Lammas, a business broker and consultancy focused on mid-tier mergers, acquisitions and investments, is listing on Hong Kongs second board in a deal that Chairman and Managing Director Louis Pong claims is more about raising his companys profile than any need for cash.

The share offer will be conducted entirely on a placement basis of 160 million shares at HK$0.20 per share for a total of HK$32 million, US$4.1 million. Lead manager Tai Fook Securities is granted an over-allotment option of up to 16 million additional shares 10% of the initial offer.

The GEM listing is being sponsored by Tai Fook Capital. Also participating in the underwriting...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222