Edwin Kwok & Co (“EKC”) is pleased to announce its role as Hong Kong and U.S. legal counsel to China Qinfa Group Ltd. (“Qinfa”; 00866.HK) in its recent placement of 90,000,000 existing shares and top-up subscription of new shares, raising approximately HK$315.9 million in gross proceeds.
On 5 March 2026, Qinfa entered into a placing and subscription agreement with the vendor, Guotai Junan Securities (Hong Kong) Limited and TFI Securities and Futures Limited. The placing shares represent approximately 3.55% of Qinfa’s existing issued shares and approximately 3.43% of its total issued shares as enlarged by the allotment and issue of the top-up shares.
The net proceeds from the placement will be used to support the construction and development of Qinfa’s Indonesian mines, mining equipment, building construction, contracting and other miscellaneous expenses associated with the development of the Indonesian mines.
The EKC team was led by our Partner, Iris Leung and consultant Lillian Cheung. “We are honoured to support Qinfa in this important transaction,” said Iris Leung. “Qinfa is a leading non-state owned thermal coal supplier, and we are pleased to support the company as it advances the development of its mining operations in Indonesia. Our team is committed to providing seamless legal support for complex cross-border capital markets matters.” Edwin Kwok & Co focuses on a full range of corporate, capital markets, mergers and acquisitions, private equity, and regulatory matters. With combined U.S., Hong Kong and English law capabilities, we provide integrated, comprehensive and innovative solutions on a wide variety of matters globally.
