Tricor Supports Xiaomi IPO in Hong Kong, Business News

PUBLISHED ONJuly 10, 2018 10:17 AM

Stands ready to accelerate the growth of Emerging and Innovative Companies under HKEX's New Listing Regime

HONG KONG, July 10, 2018 /PRNewswire/ -- Tricor Group ("Tricor"), Asia's leading provider of business, corporate and investor services, today announces our appointment to provide joint company secretary services to Xiaomi Corporation ("Xiaomi"). Xiaomi, the innovation-driven internet company with smartphones and smart hardware based in Mainland China, is the first among innovative and high growth companies with a weighted voting right ("WVR") structure to seek listing on The Stock Exchange of Hong Kong Limited ("HKEX").

As of April 30, 2018, HKEX is broadening its listing regime with the addition of 3 chapters in the Main Board Listing Rules ("MB Rules") to permit the listing of 3 classes of companies:

Biotech companies that do not meet any of the financial eligibility tests under the MB Rules
Innovative and high growth companies with a WVR structure
A concessionary secondary listing route for emerging and innovative Greater China and international companies that are primarily listed on a Qualified Exchange as defined by HKEX

Tricor is proud to be given this opportunity to provide professional services to support Xiaomi on this exciting journey of going public. "A company of the scale and significance of Xiaomi can accept nothing less than the very best corporate and investor service providers. With deep roots in Mainland China and the region, Tricor is uniquely positioned to assist high-caliber Mainland Chinese firms on their expansion. We are honored to work with Xiaomi and bring our experience, passion and partnership approach to contribute to Xiaomi's future success," said Lennard Yong, Group CEO of Tricor.

"Tricor provides expert corporate governance, compliance and secretarial services to different types of entities including Mainland Chinese corporations seeking to go offshore and/or having their shares listed on the HKEX. We have in-depth knowledge and understanding of the latest rules and regulations governing businesses and other entities. We are committed to serving Mainland Chinese corporations like Xiaomi so that they can stay focused on their core business," said Natalia Seng, Chief Executive Officer - China & Hong Kong, Tricor Group.

Tricor is in an excellent position to support clients seeking listing under the new regime, with the largest corporate secretarial team in Asia, deep industry experience, committed staff, technology-driven processes, standardized methodologies and industry-wide contacts. Tricor's technical teams regularly monitor changes in laws and regulations and advise clients on corporate governance and compliance issues in a timely manner.

As Asia's leading provider of outsourced integrated business, corporate and investor services, we have a strong track-record working with 40% of the Fortune Global 500 companies and a myriad of Hong Kong private companies where we take a commercial approach to tailor our services to their specific need and requirements. Tricor is the preeminent provider of investor services and has led the listing of 1,100+ companies in the Hong Kong Stock Exchange and leading share registrar in Hong Kong by share volume having supported over two-thirds of the IPOs in Hong Kong in 2018 year-to-date.

Please contact Tricor at +852 2980 1888 or email at info@hk.tricorglobal.com to learn how we can help you accelerate business growth in Asia and worldwide.

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About Tricor

Tricor Group ("Tricor") is a global provider of integrated business, corporate and investor services. As a business enabler, Tricor provides outsourced expertise that allows its clients to concentrate on what they do best – Building Business.

Tricor Group was founded in 2000 through the acquisition of accounting, company secretarial, share registration and related services from major international accounting firms and other leading professional firms. Starting out as a local operation in Hong Kong with 150 staff, the Group has achieved phenomenal growth as a leading corporate service provider, with staff strength of over 2,000 and a network of offices in 37 cities across 20 jurisdictions, maintaining a strong presence particularly in Asia.

Tricor's client portfolio includes over 1,200 companies listed in Hong Kong, more than 500 companies listed in Singapore and Malaysia, over 40 per cent of Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets.

Tricor's mission is to be the Business Enabler of Choice.

For more information, please visit: www.tricorglobal.com