Dentons Hong Kong advises New Charming Holdings Limited on its HK$2.8 billion sale of controlling stake in Bright Smart Securities & Commodities Group Limited

Dentons Hong Kong is advising New Charming Holdings Limited on the sale of its controlling stake in Bright Smart Securities & Commodities Group Limited (1428.HK) ("Bright Smart") to Wealthiness and Prosperity Holding Limited for a total consideration of approximately HK$2.8 billion. The Sale will trigger a mandatory general offer pursuant to the Takeovers Code.

Bright Smart was founded in Hong Kong in 1995 and listed on the Main Board of the Stock Exchange in 2010. Its main business is financial services, including securities trading, stock margin financing services, securities custody services.

The Dentons Hong Kong team was led by capital market partner and head of corporate finance Gordon Ng, along with managing associate Judith Chan and associate Kevin Lo.

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