Hong Kong-based Corporate Partner Judy Lee led the Appleby team on both transactions, assisted by Senior Associate Jo Lit on both and Associate Liesl Richter in the listing of KTL International.

The net proceeds of the Suchuang Gas listing were approximately HK$452 million. The majority of proceeds will be used for the expansion of Suchuang Gas’ pipeline network and the sale of natural gas to customers, the acquisition of CNG and LNG refuelling stations from Suzhou Suling Automobile Service, and for the construction of additional refuelling stations. Suchuang Gas is a dominant piped natural gas operator in Taicang of Jiangsu Province, with an exclusive right to sell and transmit piped natural gas to users.

The KTL International listing raised approximately HK$73 million, with a majority of the proceeds to be used for the fitting out and decoration of Yuwotou Premises (a property based in Guangzhou, China) as well as for purchasing of raw materials including diamonds. KTL International is an integrated fine jewellery provider and an original design manufacturer in Hong Kong engaged in designing, manufacturing and exporting fine jewelleries to jewellery wholesalers and retailers mainly in Russia, Americas and other European countries.

Please contact Queenie Ngan for further information.

Share
Twitter LinkedIn Email Save as PDF
More Deals
6 Aug 2019 | Deals

Appleby advises China Oil and Gas Group Limited on its issuance of USD 320 million senior notes

Appleby acted as Bermuda and BVI counsel for China Oil and Gas Group Limited (China Oil and Gas) in ...

Contributors: Paul Cheuk, Minnie Choi
22 Jul 2019 | Deals

Appleby advises Vanke Property (Overseas) Limited on its HKD 1,138.34 million transaction

Appleby acted as BVI, Cayman Islands and Jersey counsel for Vanke Property (Overseas) Limited (Vanke...

5 Jun 2019 | Deals

Appleby advises Xinyi Energy Holdings Limited on its listing on the Hong Kong Stock Exchange

Appleby Hong Kong acted as BVI counsel to Xinyi Energy Holdings Limited (Xinyi Energy) in relation ...

Contributors: Chris Cheng, Huiyan Liew
15 Oct 2018 | Deals

Appleby Advises Shandong Gold Mining Co. on HKD 5.2 Billion Listing

Appleby's Hong Kong team, led by Hong Kong Managing Partner, Cameron Adderley and Counsel Vincent Ch...

Contributors: Vincent Chan
12 Sep 2018 | Deals

Appleby advises CVC Capital partners on HKD 2 billion investment

Appleby’s Hong Kong team, led by Partner Nicholas Davies alongside Counsel Vincent Chan, acted as ...

Contributors: Vincent Chan