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    SMEs raising finance

    Sources for finance raising

    Finance raising is essential for entrepreneurs and start-ups to establish and expand their operations, develop new technologies and products, and invest in new staff, equipment and facilities.

    Charltons understands that one of the most common problems for entrepreneurs and start-ups is the difficulty in obtaining access to capital.

    We provide high impact advice to entrepreneurs, start-ups and small medium enterprises, Hong Kong SMEs looking to obtain finance and finance raising from various sources including, venture capital and private equity, banks and financial institutions, leasing and hire purchase arrangements, and asset-based financing such as invoice discounting.

    Our lawyers provide an insightful and highly personalised service, building deep relationships with clients. We fully understand the concerns and expectations of founders and entrepreneurs of growing businesses. We advise businesses at every stage of the finance raising process, from start-up funding through “Series A” and subsequent preferred investor rounds, debt financing, pre-IPO investments and listings.

    Venture capital and private equity

    Entrepreneurs and start-ups may look to venture capital companies or private equity funds finance raising.

    Charltons advises small medium enterprises, Hong Kong SMEs, on funds in relation to venture capital as a way of providing financial capital to early stage start-up and growing companies.

    Charltons advises entrepreneurs and start-ups looking to private equity for finance raising, whereby investors and funds make direct investments into private companies to assist small medium enterprises, Hong Kong SMEs, with expanding working capital, funding new technologies and making acquisitions, or strengthening a balance sheet.

     

    JV series – deadlock

    Small medium enterprises, Hong Kong SMEs, may determine to raise capital and begin finance raising by issuing shares or setting up a joint venture entity with an equity partner. In the case of a 50-50 joint venture, the issue of deadlock may be material.

    When will deadlock be an issue?

    A joint venture in which two joint venture parties each own 50% of the shares of the joint venture company is sometimes known as a deadlocked joint venture.  Such a joint venture will be governed by the principle that the joint venture parties must reach agreement on any step to be taken by the joint venture company: if they cannot agree on a certain course of action, the action will not be taken.

    The structure and management of the joint venture will usually reinforce the deadlock position, eg:

    • each party will be able to appoint an equal number of directors to the board
    • the parties will take turns to appoint the chairman of the board and the chairman will not have a casting vote
    • each party will have equal voting rights
    • advance notice of matters to be discussed at board and shareholder meetings may be required to be given to each joint venture party or its representatives, and
    • the quorum provisions may require representatives of each joint venture party to be present at board and/or shareholder meetings before they can take place

    Importantly, a joint venture party should not be able to prevent decisions being taken by deliberately remaining absent from meetings and frustrating the decision-making process.  Each joint venture party should therefore be required to procure that its representatives attend board and shareholder meetings.

    Deadlocks may also arise where the joint venture is not 50/50 in relation to reserved matters, i.e. those requiring the approval of all joint venture parties. The list of reserved matters will depend on the bargaining power of the parties.

    The parties will need to balance their interests in being able to veto key decisions against the need for the joint venture to operate efficiently. Even in 50/50 joint ventures, the parties may therefore allow the majority of day-to-day decisions to be taken by management without reference to the joint venture company’s board. Whatever the structure of the joint venture, the joint venture agreement and/or the articles of association should clearly specify which decisions will require unanimous approval and trigger deadlock resolution procedures if agreement cannot be reached.

    For methods of resolution of deadlocks, please refer to Google for “SME – Start-ups”.

    2018年特码生肖诗:Hong Kong SMEs

    Finance raising

    Small medium enterprises

    Methods of finance raising

    Finance raising for Hong Kong SMEs

    Hong Kong finance raising

    Entrepreneurs, start-ups and small medium enterprises

    Venture capital and private equity for Hong Kong SMEs

    Deadlock resolution procedures

    Sources for raising finance

    Hong Kong capital raising

    Ways to raise finance
    Raising finance for a business
    Finance for new business
    Methods of raising finance

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  • 苹果高管驳斥iPhone计划报废说 iOS 12就是证据 2019-05-07
  • 热门楼盘趁势而入迎热销 红六月正式上线 ——凤凰网房产天津 2019-04-29
  • 国家税务总局:国地税改革进入具体实施操作阶段 2019-04-28
  • 习近平关于生态环境保护的十个精妙论述 2019-04-28
  • 生态环境部严厉打击转移倾倒固体废物及危险废物 2019-04-27
  • 马克思的每个人全面而自由发展,是人的最高需求层次理论。 2019-04-22
  • 空调还装墙壁上?聪明人都是往这里装,好看又省地 ——凤凰网房产 2019-04-22
  • 这下就真的更加坐实你的老蚕了,所有网友都是见证!想赖都赖不掉了。 2019-04-20
  • 空姐,到底要不要漂亮?-光明时评 2019-04-18
  • 沃尔沃全新S60高性能版官图曝光 2019-04-18
  • [视频]《乡村振兴战略大家谈》第六集4分钟精编版 2019-04-12
  • 赵哲春季写真大公开 百变风格切换自如 2019-04-07
  • “无中生有”也能助力文旅 2019-04-07
  • 坚守一条红线 维护生态安全(在习近平新时代中国特色社会主义思想指引下——新时代新作为新篇章) 2019-04-07
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