On 22 July 2024, our JLPW IPO And Capital Markets team led by Senior Partner Kenny Poon and Partner Eileen Tan attended the listing ceremony for BWYS Group Bhd’s debut on the ACE Market of Bursa Malaysia.
BWYS Group’s IPO was oversubscribed by 48.51 times. On its debut, shares opened at 32 sen, rising 10 sen or 45.45% above the IPO price of 22 sen. The counter closed the first day of trading at 35 sen, 13 sen or 59.09% higher, with a market capitalization of RM358.8 million.
JLPW acted as IPO solicitors for BWYS Group, which is primarily involved in the manufacturing of sheet metal products and the supply of scaffoldings.
At JLPW, our IPO and Capital Markets Practice Group is involved in many significant and trail-blazing IPO and Capital Market deals since the inception of the firm in 1999 (including another 1 Ace Market and 2 Main Market IPOs due to be launched in the near future).
Our wide-ranging IPO and Capital Markets deal involvement and expertise covers the debt, equity and Islamic Finance products (including sukuks) in domestic and or regional and international markets.
With this successful IPO as an auspicious start and stepping stone, we wish our client continued success and even greater achievements in the coming years.
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I am the senior partner of Messrs Jeff Leong, Poon & Wong, Malaysia.
I am also serving with the Law Association For Asia And The Pacific (LAWASIA), the peak body for national bar associations and law societies in more than 40 jurisdictions in the Asia Pacific region as Chair of the Corporate, Securities & Investment Law and Co Chair of the Belt And Road Initiative Standing Committees.
I lead a Special Projects team, structure and run complex M&A deals, resolve critical problems faced by clients such as crisis management, regulatory investigations, shareholder fights and board tussles and advise founders, business owners and senior management on business transactions.
With numerous IPOs and M&A deals over 30 years, I am often consulted by clients in Shipping and Logistics, Technology and Digital Economy, Oil & Gas and other heavily regulated industries on complex, urgent and critical matters.
I have been included on Asia Business Law Journal’s A List of Malaysia’s Top 100 Lawyers and Legal 500’s Hall of Fame for Corporate and M&A for Malaysia.
I am an accredited Mediator of the Malaysian Mediation Centre, the International Commercial Mediation Centre For the Belt And Road Initiative, Benchmark Chambers International & Benchmark International Mediation Centre, Shenzhen Qianhai International Commercial Mediation Centre, CCPIT/CCOIC Hangzhou Mediation Centre and Hainan International Arbitration Court.
I founded JLPW in 1999 during the 1997 Asian Financial Crisis with 2 other founders. We were deep into corporate rescues and mergers of banks, insurance companies and stockbrokers to resuscitate the bleeding Malaysian economy, working on some of the major corporate rescues of the 1997 Asian Financial Crisis.
Affiliations with Deacons Graham & James 2001- 2012 and Dacheng (now Dentons China) 2012-2016 quickly followed. In 2012, we founded JLPW CROSSBORDER ASIA, a regional law firm network.
In JLPW, we developed the current due diligence system adopted and used by industry participants in capital markets transactions in 1999. I assisted the review of the 2020 Due Diligence Guide for Malaysia with investment bankers, accountants, capital market lawyers and other industry participants.
I currently lead our Japan Services Group, assisting Japanese companies venturing into Malaysia and South East Asia with market entry strategies, M&As and post merger integration advisory together with our Japanese speaking team.
I am also leading our China Services Group and regional JLPW Belt and Road Services Group assisting Chinese companies investing and undertaking Belt and Road projects in Malaysia and other ASEAN countries.
As leader, strategist, chief talent scout, builder and problem solver, I have initiated and developed various practice groups in JLPW and am now leading our Legal Tech initiatives to better support our clients in the new Digital Economy.
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