O’Melveny Represents World Wide Touch (Holdings) Limited in its US$105 Million IPO on Hong Kong Stock ExchangeJanuary 03, 2011
FOR IMMEDIATE RELEASE
O'Melveny & Myers LLP
O'Melveny & Myers LLP
HONG KONG ─ JANUARY 3, 2011 ─ O’Melveny & Myers LLP recently represented World Wide Touch (Holdings) Limited in its US$105 million initial public offering of 86.1 million shares on the Main Board of the Hong Kong Stock Exchange. The offering was oversubscribed by 18 times and funds raised from the offering will be used to purchase and upgrade production equipment, research and development and facilitate potential future expansion. The sole bookrunner and sponsor is CMB International Capital and the joint lead managers are CMB International Capital and Haitong International Securities.
World Wide Touch Technology (Holdings) is a leading provider of capacitive touch pads by shipment volume for use in notebook computers and multi-media buttons, which may be used in smart phones, portable media players, handheld messaging and personal digital assistant devices, and peripheral computer equipment that are supplied to leading ODMs and ODMs. The company also researches and develops fingerprint biometric devices under the “C-touch” brand. In addition, the company produces plasma lighting products for street lamp applications.
The group has manufacturing facilities in Heshan, Guangdong Province, China and employs over 5000 employees in Hong Kong, China, and Taiwan.
About O’Melveny & Myers LLP
With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession.
About O’Melveny & Myers LLP Asia Practice
O’Melveny began its practice in Asia nearly 25 years ago, and over this time we have become one of the most respected and full service legal service providers in the region. The firm maintains large offices in the most important political and commercial centers of Beijing, Shanghai, Hong Kong, Singapore, and Tokyo. Most of our lawyers are native to the region, understand the local law and business practices, speak the local languages and, most importantly, function as an integrated team that taps the firm’s vast resources in Asia and globally, delivering value and expediency to its clients. The China practice is widely and frequently recognized as one of the strongest on the market. The Japan practice has been recommended by The Legal 500 and Chambers Global for corporate, mergers and acquisitions, and dispute resolution work. Our newest office in Singapore, opened in 2008, has grown rapidly and is a hub for corporate, finance, and private equity work for the entire South and Southeast Asia region.