Deacons acted for Tai Fook Capital Limited in the Main Board listing of Pan Asia Environmental Protection Group Limited 21 December 2007 Deacons acted for Tai Fook Capital Limited as sponsor, and a group of underwriters, in relation to the HK$580 million international placing and initial public offering of Pan Asia Environmental Protection Group Limited, including the cornerstone placement to the US-based GE Asset Management and General Motors Investment Management as well as to China Development Capital Partnership Master Fund, and its listing on the main board of the The Stock Exchange of Hong Kong Limited. Established in the People's Republic of China in 1998, Pan Asia is an integrated environmental protection services provider which principally engages in the sale of water and flue gas treatment products and equipment, and undertakes environmental protection construction engineering projects for customers in different industries such as textile and dyeing, iron and steel, and power industries. Trading commenced on 21 December 2007. Ronny Chow, lead partner of Deacons' Corporate Finance Practice Group, led the Deacons' team on this matter. In addition to Pan Asia Environmental Protection Group Limited, Deacons' Corporate Finance Practice Group also completed a number of IPO transactions in 2007 including HSBC China Dragon Fund, Sunny Optical Technology (Group) Company Limited, Hong Long Holdings Limited, Ming Fai International Holdings Limited and Ka Shui International Holdings Limited.