Campbells acted as the Cayman Islands and British Virgin Islands legal counsel for Mediwelcome Healthcare Management & Technology Inc. (麥迪衛康健康醫療管理科技股份有限公司) (“Mediwelcome”) in connection with its HK$150 million (US$19.3 million) (and up to HK157.5 million (US$20.2 million) upon exercise of the over-allotment option) raise on the Hong Kong Stock Exchange.
Sidley Austin and Global Law Office acted as Hong Kong and PRC legal counsel, respectively, to Mediwelcome. Deacons and Yingke Law Firm acted as Hong Kong and PRC legal counsel, respectively, to CEB International Capital Corporation Limited (as sole sponsor) and the underwriters as set out in the prospectus.
Mediwelcome is the largest provider in the Integrated Healthcare Marketing Solutions Market, which primarily include medical conference services, patient education and screening services and marketing strategy and consulting services, for cardio-cerebral-vascular diseases, or CCVDs, in China in terms of revenue in 2019, with a market share of 4.9% in the highly fragmented integrated healthcare marketing solutions industry for CCVDs.
Partner Jenny Nip led the transaction with support from Ian Ng.