Appleby acted as Cayman counsel for Millennium Pacific Group Holdings Limited (Millennium Pacific) in relation to its listing on the Growth Enterprise Market of the Hong Kong Stock Exchange, with gross proceeds of approximately HK$60 million.

Millennium Pacific will use the majority of the net proceeds for loan repayment, expansion of production, and improvement of its information technology system. The remaining proceeds will be used to expand and strengthen the research and development team, as well as for working capital.

The Appleby team was led by Judy Lee, a corporate partner in the Hong Kong office, assisted by Senior Associate Chris Cheng. Hastings & Co advised Millennium Pacific as to Hong Kong law, Dacheng Law Offices advised the company on PRC law, Norton Rose Fulbright advised on UK and EU law, and Lee & Li advised on Taiwan law. Robertsons acted for the sponsors and underwriters as to Hong Kong law.

Millennium Pacific is principally engaged in the research and development, manufacture and sale of consumer electronic products, such as GPS personal navigation devices, mobile internet devices and digital video recorders.

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...