DeHeng Hong Kong completed the first registration of prospectus under the new electronic signature regime

2024-08-15

Recently, DeHeng Hong Kong, acted as the Hong Kong legal advisers to Icon Culture Global Company Limited (“Icon Culture”) (Stock Code: 8500) in respect of its rights issue. The registration of the prospectus for this rights issue was completed on 15 July 2024, being the first registration of prospectus under the new electronic signature regime implemented by the Hong Kong Stock Exchange since 1 July 2024.

Icon Culture has been listed on GEM of the Hong Kong Stock Exchange since 2020, and is an integrated multimedia advertising and marketing service provider, principally engaged in the provision of advertising and marketing solutions to brand customers. The deal was led by lead partner Howard Lau and supported by associate Becky Xu.  In respect of the first registration of prospectus by way of e-signatures, DeHeng Hong Kong communicated and conducted rehearsals with the Hong Kong Stock Exchange and Companies Registry, coordinated with the issuer and other professional parties to register e-signature accounts with the Hong Kong Post Office, and finetuned the formats of the e-documents and the e-signatures.  Registration of the prospectus under the new regime and the rights issue were completed smoothly.