Norton Rose Fulbright advises BNP Paribas on HK$588 million top-up placing of shares in Summit Ascent
Global legal practice Norton Rose Fulbright has advised BNP Paribas Securities (Asia) Limited as the sole placing agent in the top-up placing of 52 million shares in Summit Ascent Holdings Limited. The total value of the shares is approximately HK$588 million.
Summit Ascent is primarily engaged in trading of tiles and engineering operations products. The top-up placing is mainly to raise funds for further investments for a gaming and resort project in Russia and general working capital.