Appleby advises Perfect Optronics on Hong Kong Stock Exchange listing

Appleby has acted as Cayman counsel for Perfect Optronics in relation to its listing on the Growth Enterprise Market of the Hong Kong Stock Exchange on 7 February 2014 by way of placing, with proceeds of approximately HKD99m (£8m).

Perfect Optronics will apply the net proceeds from the placing for the establishment or acquisition of panel processing plants, expanding its sales and support team in the People’s Republic of China (PRC) and growing its product portfolio.

The Appleby team was led by Judy Lee, a corporate partner in Appleby’s Hong Kong office, assisted by senior associate Chris Cheng. Woo, Kwan, Lee & Lo advised the company as to Hong Kong law and King & Wood Mallesons advised as to PRC law, while Fairbairn Catley Low & Kong advised the underwriters as to Hong Kong law.

Perfect Optronics is principally engaged in the trading of display components of electronics, namely TFT-LCD panels, driver ICs and polarisers. Most of its products are sold to TFT-LCD module manufacturers and the TFT-LCD modules are then used by mobile phone manufacturers to produce mobile phones.

This content was originally sourced from the Appleby website.

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