Appleby acted as offshore counsel in listings on both the Main Board and the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange. The Capital Markets team is led by Hong Kong Co-Managing Partner and Local Corporate Practice Group Head Judy Lee alongside Partners Paul Cheuk and Chris Cheng, Counsel Vincent Chan, Senior Associate Robert Sit, Associates Quinton Tse and Huiyan Liew, and Legal Executive Connie Wu.

Notable Cayman Islands, Bermuda and BVI deals in the first half of 2019 that Appleby worked on include:

  • Shenwan Hongyuan Group Co., Ltd.’s HKD 9.24 billion listing on the Main Board.
  • Xinyi Energy Holdings Limited’s HKD 3.895 billion listing on the Main Board by way of spin-off.
  • Yincheng International Holding Co., Ltd’s HKD 843 million listing on the Main Board.
  • Analogue Holdings Limited’s HKD 420 million listing on the Main Board.
  • China Everbright Water Limited’s HKD 310.87 million listing on the Main Board, resulting in the company having dual primary listing status in both Singapore and Hong Kong.

Speaking on the uplift, Judy Lee commented: “Over the past three years, we have continually set new records for the deal value on listing deals at Appleby. This, alongside the increase in work from the PRC is a testament to the hard work and expertise of our team, who consistently deliver great results for our clients. This achievement further demonstrates our leading position as the “go-to” offshore firm for issuers that need expert advice for their listing plans.”

Companies from the Cayman Islands and Bermuda currently make up more than 70% of all entities listed on the main board of the Hong Kong Stock Exchange, almost all of which also maintain British Virgin Islands entities as part of their group.

In the first half of 2019, 92% of the total deal value worked on by Appleby was contributed by five significant PRC IPOs. During this period, Appleby also saw a 30% increase in Chinese based companies going to them for offshore legal advice for their Hong Kong Stock Exchange listing compared to the same period in 2018. Appleby’s Hong Kong team practises the laws of Bermuda, Cayman Islands and the British Virgin Islands and is fluent in English, Cantonese and Mandarin and therefore well positioned to support companies in PRC, Hong Kong, Singapore and more widely across Asia with their IPO transactions.

Share
Twitter LinkedIn Email Save as PDF
Key contacts

Chris Cheng

Partner: Hong Kong, Shanghai

T +852 2905 5719
E Email Chris

Paul Cheuk

Partner: Hong Kong, Shanghai

T +852 2905 5756
E Email Paul

Vincent Chan

Counsel: Hong Kong, Shanghai

T +852 2905 5759
E Email Vincent

Robert Sit

Senior Associate: Hong Kong, Shanghai

T +852 2905 5739
E Email Robert

Quinton Tse

Associate: Hong Kong

T +852 2905 5767
E Email Quinton

Connie Wu

Legal Executive: Hong Kong

T +852 2905 5768
E Email Connie

More News
5 Nov 2020 | News

Appleby Sponsors FFA Virtual Global Symposium

Appleby is proud to be a platinum sponsor of the Global Fund Finance Association (FFA) Symposium for...

Contributors: Fiona Chan
30 Oct 2020 | News

Offshore Business Update

This is an update for our clients on how the authorities in our core jurisdictions are responding to...

23 Oct 2020 | News

Appleby Hong Kong office shortlisted in four categories at the Asian Legal Business Hong Kong Law Awards 2020

Appleby Hong Kong office shortlisted in four categories at the Asian Legal Business Hong Kong Law Aw...

Contributors: Judy Lee, Fiona Chan
19 Oct 2020 | News

Appleby Hong Kong Recognised as "Offshore Law Firm of the Year" at the China Law & Practice Awards 2020

Appleby Hong Kong Recognised as "Offshore Law Firm of the Year" at the China Law & Practice Awards 2...

15 Oct 2020 | News

Asian Legal Business names Hong Kong Partner David Bulley in "Top 40 under 40" list

David Bulley has been named in Asian Legal Business’ “Top 40 Under 40” list.

28 Sep 2020 | News

Appleby’s Hong Kong office relocates to One Island East

The move comes as the leading offshore law firm celebrates its 30th year in Hong Kong.

25 Sep 2020 | News

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 B...

Contributors: Minnie Choi
23 Sep 2020 | News

Appleby shortlisted ‘Offshore Firm of the Year’ by The Lawyer

Leading offshore firm Appleby has been shortlisted in The Lawyer Awards 2020, ‘Offshore Firm of th...

6 Jul 2020 | News

Appleby Global Services announce new leadership team

Appleby Global Services (AGS) a global fiduciary services provider which was launched by offshore la...