ABNR Assisted a Successful Listing of Seres Group Co. Ltd. on SEHK
We are pleased to congratulate our client, Seres Group Co. Ltd. (“Seres”), on the successful completion of its Initial Public Offering (IPO) on the Stock Exchange of Hong Kong (SEHK) on 5 November 2025. Seres, a technology company focused on the automotive sector, raised approximately HKD 14.3 billion through the IPO, exceeding the initial offering size and including the exercise of the over-allotment option.
ABNR acted as Indonesian legal counsel that conducted legal due diligence on two of its Indonesian subsidiaries, namely PT Sokonindo Automobile and PT Yuan Powertrain Indonesia. Our scope of work as Indonesian legal counsel included providing analyses under relevant Indonesian law in relation to the business activities of both Seres subsidiaries and their compliance with applicable laws and regulations.
The transaction marked Hong Kong’s third-largest IPO and the largest automotive-sector IPO by funds raised year to date. We are honored to have played a part in this landmark offering and deeply appreciate the continued trust placed in us by Seres. At ABNR, we remain steadfast in our commitment to supporting our clients in delivering transformative and milestone transactions.
The ABNR team was led by partners Nafis Adwani and Nurdin Adiwibowo, supported by senior associates Novario Asca Hutagalung, and Zefanya Tampubolon, and a team of associates including Aldi Prapanca, Laras Sekar Hadiyanti Kusumo, Sheila Putri Alina, and other ABNR members
More Legal Updates
- 09 Jun 2026 Indonesia Introduces Export Centralization Regime for Strategic Natural Resource Commodities — Government Regulation No. 24 of 2026
- 03 Jun 2026 ABNR Recognized with Seven Placements on ABLJ Indonesia A-List 2026
- 02 Jun 2026 Indonesia Regulates Forestry Carbon Trading Through Emission Offsets
- 02 Jun 2026 Bridging Opportunities: ABNR and Shammah Tech Consulting Host Investment Seminar for Chinese Delegation
- 28 May 2026 Start a New Game: Entering the Indonesian Video Game Market
- 22 May 2026 The New Draft Bill on Gig Workers: A Novel Legal Framework for the Protection of Indonesian Platform Gig Workers
NEWS DETAIL
22 Dec 2025
ABNR Assisted a Successful Listing of Seres Group Co. Ltd. on SEHK
We are pleased to congratulate our client, Seres Group Co. Ltd. (“Seres”), on the successful completion of its Initial Public Offering (IPO) on the Stock Exchange of Hong Kong (SEHK) on 5 November 2025. Seres, a technology company focused on the automotive sector, raised approximately HKD 14.3 billion through the IPO, exceeding the initial offering size and including the exercise of the over-allotment option.
ABNR acted as Indonesian legal counsel that conducted legal due diligence on two of its Indonesian subsidiaries, namely PT Sokonindo Automobile and PT Yuan Powertrain Indonesia. Our scope of work as Indonesian legal counsel included providing analyses under relevant Indonesian law in relation to the business activities of both Seres subsidiaries and their compliance with applicable laws and regulations.
The transaction marked Hong Kong’s third-largest IPO and the largest automotive-sector IPO by funds raised year to date. We are honored to have played a part in this landmark offering and deeply appreciate the continued trust placed in us by Seres. At ABNR, we remain steadfast in our commitment to supporting our clients in delivering transformative and milestone transactions.
The ABNR team was led by partners Nafis Adwani and Nurdin Adiwibowo, supported by senior associates Novario Asca Hutagalung, and Zefanya Tampubolon, and a team of associates including Aldi Prapanca, Laras Sekar Hadiyanti Kusumo, Sheila Putri Alina, and other ABNR members