Appleby Advises Jin Cai Listing on Hong Kong Stock Exchange
05 Jul, 2013
Leading offshore firm Appleby acted as Cayman Islands counsel for Jin Cai Holdings Company Limited in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 5 July 2013, with gross proceeds of approximately HK$72 million. A majority of the proceeds from the placing will be used primarily for expanding its Huizhou production base and its sales and marketing network.
The Appleby team was led by Judy Lee (pictured), a corporate partner in Appleby’s Hong Kong office, assisted by senior associate, Chris Cheng. Loong & Yeung and Shu Jin Law Firm advised the Company as to Hong Kong and PRC law respectively. F. Zimmern & Co. and Hills & Co. advised the sole sponsor and underwriters as to Hong Kong and PRC law respectively.
Jin Cai Holdings Company Limited is principally engaged in the design, printing and sale of cigarette packages in the PRC, and was the second largest cigarette package supplier in Jiangxi Province in 2012, according to Euromonitor International Limited.