Appleby advises Chi Kan Holdings Limited on its HKD 130 million listing on the Main Board of the Hong Kong Stock Exchange
Appleby acted as Cayman counsel to Chi Kan Holdings Limited in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 14 August 2020, with gross proceeds of HKD 130 million.
The Appleby Hong Kong team was led by Partner Chris Cheng, assisted by Legal Manager Minnie Choi.
The Group is a Hong Kong-based formwork contractor, mainly engaged in the provision of formwork services, comprising of:
- conventional formwork which is built on-site by mainly using timber and plywood; and
- prefabricated formwork which is built out of prefabricated modules by mainly using aluminium and steel.
The Group intends to apply the net proceeds from the Share Offer primarily for financing the upfront funding needs for its projects. It will also use the proceeds for expanding its workforce and as general working capital of the Group.
Our Hong Kong Capital Markets team is highly regarded for their extensive expertise in supporting offshore companies with IPOs, introductions, placements and listings of both equity and debt securities on the Hong Kong, US, Singapore and many other internationally recognised stock exchanges.
