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 Kong’s second board in a deal that Chairman and Managing Director Louis Pong claims is more about raising his company’s 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...

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