Appleby acted as Cayman counsel for Jia Yao Holdings Limited (Jia Yao) in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 27 June 2014, with gross proceeds of approximately HK$109.5 million. Jia Yao is principally engaged in the design, manufacture and sale of paper cigarette packages and, to a lesser extent, social product paper packages in the PRC.

Jia Yao will use the majority of the net proceeds from the global offering for improvement of existing equipment, procurement and installation of new equipment and machinery, and development of the Yichang production base for social product paper packages. The remaining proceeds will be used for enhancement of design and development capabilities, expansion of the sales and marketing network, 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 Chris Cheng. Loong & Yeung was the legal adviser to Jia Yao as to Hong Kong law, and both Jingtian & Gongcheng and Dacheng Law Offices advised the company as to PRC law. Norton Rose Fulbright advised the sponsors and underwriters as to Hong Kong law, and Grandall law Firm was the legal adviser as to PRC law.

For further information please contact Sarah Stone.

Twitter LinkedIn Email Save as PDF
More Deals
7 Sep 2022 | Deals

Appleby’s Hong Kong office advises Graphex Group limited on its USD 11.7 million listing on the NYSE American LLC stock exchange market

On 26 August 2022, Graphex Group’s underwriters have exercised their over-allotment option to purc...

Contributors: Connie Wu
17 Aug 2022 | Deals

Appleby’s Hong Kong office advises WEIli Holdings Limited on its HKD126 million listing on the Main Board of the Hong Kong Stock Exchange

WEIli is a PRC-based cigarette packaging paper manufacturer with research and development capabiliti...

Contributors: Connie Wu
20 May 2022 | Deals

Appleby advises Artisan Acquisition Corp. on its de-SPAC Business Combination with Prenetics Group Limited

Appleby is pleased to have acted as Cayman Islands legal counsel to Artisan Acquisition Corp. on its...

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...

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.