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.