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 transactions were led by Judy Lee, Head of Corporate in Hong Kong, with assistance from Partners Paul Cheuk and Chris Cheng, Counsel Vincent Chan, Associates Yorkie Au-Yeung and Tiffy Wan and other legal professionals, including Robert Sit, Quinton Tse et al.

Notable deals include:

  • China Everbright Greentech Limited’s HK$3 billion listing on the Main Board
  • Able Engineering Holdings Limited’s HK$550 million on the Main Board
  • Sheng Ye Capital Limited’s HK$370 million listing on the GEM Board
  • BGMC International Limited’s HK$265.2 million listing on the Main Board
  • Royal Deluxe Holdings Limited’s HK$201 million listing on the Main Board

China Everbright Greentech is a Chinese specialty environmental protection service provider, with a focus on the biomass and hazardous waste treatment industries. They have a leading position in these markets with the fourth largest aggregate biomass power generation designed capacity and the third largest aggregate hazardous waste disposal designed capacity in China as of 31 December 2016 for projects in operation, under construction and at the planning stage, according to Frost & Sullivan.The proceeds from the offering are mainly for developing its business in China, research, development and acquisitions of advanced technologies, general working capital and other corporate purposes.

Able Engineering Holdings Limited, is a well-established group in the construction industry with a 40 year long history in Hong Kong, who provide building construction services to customers from both the public and private sectors. The majority of the proceeds from the offering will be used for the expansion of its building construction as well as repair, maintenance, alteration and additional business in Hong Kong. This includes the maintenance and increase of its employed capital and working capital for future projects in the public sector, as well as payment of any upfront costs.

Sheng Ye Capital Limited is a Shenzhen based enterprise financial services provider. Sheng Ye Capital specialises in offering accounts receivable financing amongst other solutions, mainly in the energy, construction and medical sectors in China. The proceeds from the offering are primarily for expanding its factoring operations, repaying a portion of its outstanding loan from a financial institution, developing its online factoring platform to support its factoring services and upgrading financial reporting systems.

BGMC International is a construction services company based in Malaysia. The Group will use the proceeds from the offering to finance various prospective construction projects including the acquisition of additional machinery and equipment for the purpose of long term savings as general working capital.

Royal Deluxe Holdings was established in 1994 as a major subcontractor in formwork business. The proceeds from the offering will be used for the initial funding of an existing formwork works project in Hong Kong, acquisition of office premises, investment of a new information system to streamline management processes and enhance overall efficiency, whilst also undertaking the repayment of some outstanding loans and finance leases and general working capital.

Judy Lee commented: “2017 was a notable year for our Hong Kong office. This achievement demonstrates our undoubted leading position in this practice area and the sheer volume of hard work undertaken by the team. The vibrant IPO trend is expected to extend into 2018 and I am confident that Appleby will continue to be the “go-to” offshore firm for companies that need expert advice on their listing plans.”

Share
Twitter LinkedIn Email Save as PDF
Key Contacts

Judy Lee

Asia Group Head | Partner: Hong Kong

T +852 2905 5737
E Email Judy

Paul Cheuk

Partner: Hong Kong, Shanghai

T +852 2905 5756
E Email Paul

Chris Cheng

Partner: Hong Kong, Shanghai

T +852 2905 5719
E Email Chris

Vincent Chan

Counsel: Hong Kong, Shanghai

T +852 2905 5759
E Email Vincent

More News
10 Feb 2020 | News

Another strong year at Appleby, with listing deal value doubling year on year at HKD 15.8 billion in 2019

Leading offshore law firm Appleby’s Hong Kong office maintained its significant capital markets pr...

5 Feb 2020 | News

Appleby announce a number of high profile appointments across its global offering

Leading Law Firm Appleby has announced a number of high profile internal appointments to further str...

30 Jan 2020 | News

Appleby named Law Firm of the Year at Citywealth IFC Awards

Leading offshore law firm Appleby was named as ‘Law Firm of the Year - Litigation’ at the Citywe...

24 Jan 2020 | News

We are pleased to announce the launch of the Appleby WeChat channel

The channel is designed to keep you up to date with the latest deals from the region, regulatory upd...

Contributors: Cameron Adderley
22 Jan 2020 | News

Recognition for Appleby Hong Kong in the latest Legal 500 Asia Pacific rankings

The Legal 500, one of the leading international legal directories which rank law firms based on clie...

Contributors: Judy Lee, Cameron Adderley
16 Jan 2020 | News

Have a coffee on Appleby this Blue Monday #ThanksAppleby

After the success of last year’s campaign, Appleby has partnered with local coffee shops in six lo...

14 Jan 2020 | News

Appleby shortlisted as ‘International Law Firm of the Year’ in the Citywealth Magic Circle Awards 2020

Appleby has been shortlisted as ‘International Law Firm of the Year’ in the 2020 Citywealth Magi...

Contributors: Vincent Chan
7 Jan 2020 | News

Fiona Chan named in China Business Law Journal's prestigious A-List

Fiona Chan named in China Business Law Journal's prestigious A-List