EGL Tours will use the majority of the proceeds for enhancement of sales channels, promotion of brand image and recognition, and strengthening operational infrastructure. The remaining proceeds will be used for development of overseas wedding tours as well as for general working capital and other general corporate purposes.

The Appleby team was led by Judy Lee, a corporate partner in the Hong Kong office, assisted by Senior Associate Jo Lit and Associate Tiffy Wan. Mayer Brown JSM advised EGL Tours as to Hong Kong law. DSL Lawyers and Soga Law Office advised the company as to Macau and Japan law, respectively. Deacons was the legal advisor of the sponsors and underwriters as to Hong Kong law.

EGL Tours is a leading travel company in Hong Kong and Macau, principally engaged in the design, development and sale of package tours, FIT products for independent travel and other travel related products and services. EGL Tours was the top travel company in the Japan-bound package tour market in Hong Kong based on revenue in 2011, 2012 and 2013.

For further information please contact Queenie Ngan.

Share
Twitter LinkedIn Email Save as PDF
More Deals
3 Feb 2022 | Deals

Appleby Assists Leading Power and Energy Group Zola on USD 90 Million Funding

Leading offshore law firm Appleby has assisted the leading power and energy group ZOLA on its US$ 90...

Contributors: Melissa Virahsawmy
11 Jan 2022 | Deals

Appleby advises China Post on USD128 million investment in ULE Holdings

The Hong Kong team was led by managing partner David Bulley and partner Vincent Chan.

Contributors: Vincent Chan
9 Dec 2021 | Deals

Appleby acts as BVI counsel to GIC in a joint USD1 billion investment in Envision Energy

One of the world’s largest net-zero investments to date.

20 Jul 2021 | Deals

Appleby acts as Cayman counsel on Black Spade Acquisition Co's USD150 Million SPAC IPO

Black Spade Acquisition Co is sponsored by Black Spade Sponsor LLC, an affiliate of Black Spade Capi...

6 Jul 2021 | Deals

Appleby’s Hong Kong office acts as Cayman and BVI counsel to Datang Group Holdings Limited on its issuance of USD300 million 12.50% senior notes due 2022

It was second time the Appleby team being instructed by Datang after advising on its HKD1.48 billion...