Appleby advises Yue Kan Holding limited on its HKD125.1 million listing on the Main Board of the Hong Kong Stock Exchange
Appleby acted as Cayman counsel for Yue Kan Holdings Limited (Yue Kan) in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 7 December 2020, with gross proceeds of approximately HKD125.1 million.
The Appleby team was led by Partner Chris Cheng and Legal Executive Connie Wu.
Yue Kan is a Hong Kong-based marine construction works subcontractor specialising in reclamation works and supplemented by its vessel chartering services and other civil engineering works.
Yue Kan intends to apply the net proceeds from the Share Offer to expand its fleet of vessels and site equipment and recruit additional staff to operate these vessels and equipment. They will also more generally use the proceeds to strengthen its manpower, acquire performance bonds and use as general working capital for 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.
