In 2018, Appleby Hong Kong advised on 51 listings with aggregate proceeds of more than HKD 9.5 billion, which represents a HKD 1.6 billion increase in value year –on-year from 2017’s total proceeds.

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 led by Hong Kong Co-Managing Partner and Corporate Practice Group Head Judy Lee advised on these transactions alongside Partners Paul Cheuk and Chris Cheng, Counsel Vincent Chan, Associates Robert Sit and Quinton Tse and Legal Executive Connie Wu.

Notable deals include:

Shandong Gold Mining Co., Ltd.’s (Shandong) HKD 5.2 billion listing on the Main Board. Shandong is a joint stock company incorporated in the PRC with shares currently listed on the Shanghai Stock Exchange. The Group is the largest among the gold producers listed in the PRC and/or Hong Kong.

Fusen Pharmaceutical Company Limited’s (Fusen) HKD 416 million on the GEM Board. Fusen is the leading Shuanghuanglian-based cold medicine brand in terms of revenue in 2017.

Time Interconnect Technology Limited’s (Time) HKD 230 million listing on the GEM Board. Time is a well-established supplier of custom cable assemblies with around 20 years of experience. The Group primarily manufactures and supplies cable assemblies on a Content Management System basis, which are produced in accordance with the specifications and designs of individual customers.

Xin Yuan Enterprises Group Limited’s (Xin Yuan) HKD 150 million listing on the Main Board. Xin Yuan principally provides asphalt tanker chartering services under various types of charter agreement comprising time charters, voyage charters and contract of affreightment.

Tsit Wing International Holdings Limited’s (Tsit Wing) HKD 149.7 million listing on the Main Board. Tsit Wing International Holdings Limited is a leading integrated B2B coffee and black tea solutions provider in Hong Kong, Macau and the PRC with an established food products business.

The Hong Kong Stock Exchange reported an exceptional year with record high trading activity. This led to the platform for the sixth time in 10 years appearing at the top of the world’s IPO fundraising table.

Judy Lee commented: “2018 was a notable year for our Hong Kong office. This achievement demonstrates our undoubted leading position in this area and the sheer volume of hard work undertaken by the team. The New Listing Rules introduced in Q2 2018 set the stage for a more diverse group of companies to list in Hong Kong and as the Hong Kong Stock Exchange continues to innovate, 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

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

Connie Wu

Legal Executive: Hong Kong

T +852 2905 5768
E Email Connie

More News
6 Aug 2020 | News

Offshore Business Update

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

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...

2 Jul 2020 | News

Covid-19: Protecting Personal Data – the New Normal

One unanticipated consequence of the COVID-19 pandemic has been the huge increase in the collection ...

23 Jun 2020 | News

Appleby Asia Group Head Judy Lee is recognised in the IFLR1000 Women Leaders List 2020

Leading offshore law firm Appleby is delighted to announce that Hong Kong based Asia Group Head and ...

11 Jun 2020 | News

Appleby strengthens and expands corporate team

Leading offshore law firm Appleby has announced the addition of two team members and a senior promot...

4 Jun 2020 | News

Appleby recognised by Citywealth following brand refresh

Leading offshore law firm Appleby has been recognised by Citywealth in their Brand Management and Re...

19 May 2020 | News

Hong Kong Partner Fiona Chan and Counsel Vincent Chan are named in the Asian Legal Business Offshore Client Choice List 2020

Leading offshore law firm Appleby’s Corporate Partner Fiona Chan and Counsel Vincent Chan have bee...

Contributors: Vincent Chan
12 May 2020 | News

Launch of the inaugural Appleby China Roadshow

Since January 2020 the COVID-19 pandemic has undoubtedly impacted all industries across the world, i...

6 Mar 2020 | News

Appleby’s Female Leader’s Network: One year on

Global network brings together women in senior positions across the jurisdictions in which the firm ...