Pang & Co: Insight, Expertise, Dedication

Based in Hong Kong, Pang & Co. focuses on capital market transactions and regulatory advice in Greater China, and IPOs in both the Main Board and the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited. The firm also carries out a great deal of work in mergers and acquisitions and general corporate and commercial transactions. We spoke to Managing Director, Benny Pang, to find out more about his company, its work and his predictions for the rest of 2015 and beyond.

Working in association with Loeb & Loeb LLP, a multi-service law firm with five U.S. offices, as well as an office in Beijing, we are perfectly positioned to advise a broad range of foreign and domestic businesses in the Greater China Region on local and cross-jurisdictional transactions. From its offices firm-wide, Loeb & Loeb represents Asia-based companies doing business or seeking to expand or raise debt or equity capital in the U.S., Hong Kong and mainland China, as well as U.S. and multinational companies seeking to invest in or expand their businesses in Asia.

We are pleased to maintain our position as one of the most active law firms in the Hong Kong region within the areas of capital markets and corporate finance. This is testament to the deep market insight and expertise of our dedicated team. More broadly, the firm has always maintained a strategy of focused expansion, concentrating on select core industries and practice areas, rather than endeavouring to be all things to all clients.

We firmly believe that there are number of key attributes required to be considered a successful firm in our sector. Firstly, the Hong Kong market is highly competitive. In order to excel in this environment, simply providing quality service at a reasonable price is not sufficient. In addition, extensive market knowledge, being skilful in negotiations, having experience with cross-border deals, possessing specific industry/sector knowledge and employing lawyers who have good commercial acumen are all attributes which clients look for.

As a firm, we pride ourselves on conducting and coordinating client matters expertly, efficiently and expeditiously. Our culture is geared toward establishing and strengthening long-term client relationships, with an emphasis on senior attorney involvement in all transactions and matters. Teams are kept to optimal size to provide the highest quality advice, utmost efficiency, and seamless, cost-effective service. Above all, we are committed to regular client communication and feedback in order to continually streamline and improve our service and ensure that we are not only meeting our clients’ needs, but adding value at every stage of the process.

Over the past 12 months, we have seen many changes in our industry and region. The market is constantly evolving and we have witnessed a mild revival of the global capital markets over the last year. Having said that, competition in the provision of legal services for Hong Kong capital markets has become immensely competitive and the emergence of mega global law firms as a result of mergers, and local law firms participating in local capital markets transactions have meant that there are more players entering what is a relatively stable market. With the opening up of the Chinese markets and the Shanghai-Hong Kong Connect, we believe there will be more opportunities for players who have solid experience in both capital markets as well as cross-border deals.

As one of the most active law firms in Hong Kong region within the areas of capital markets and corporate finance, we are cautiously optimistic for the rest of 2015. The active capital markets in Hong Kong, the Shanghai-Hong Kong Connect, the proposed Shenzhen-Hong Kong Connect as well as the increase interest of Chinese enterprises engaging in mergers and acquisitions abroad suggest a relatively healthy pipeline for the rest of 2015 and this will help us build on what has been a successful period for our firm.

Over the past year, the Pang & Co. team, working in association with Loeb & Loeb in Hong Kong, acted on behalf of the issuer or underwriters in a number of public offerings on both the Main Board and the GEM Board of the Hong Kong Stock Exchange. These including listings of shares by Chun Sing Engineering Holdings Limited, Earthasia International