Appleby acts as Cayman counsel for PW Medtech’s listing on HK Stock Exchange

Appleby has acted as Cayman counsel for PW Medtech Group in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 8 November 2013, with net proceeds of approximately HKD1.4bn (approximately $188m), including the proceeds from the over-allotment of shares. The offering was 19.33 times oversubscribed.

The Appleby team was led by John Melia, a corporate and commercial partner in Appleby’s Hong Kong office, assisted by associates Vincent Chan and Jo Lit.

Chen & Associates and Wilson Sonsini Goodrich & Rosati advised the company as to Hong Kong and US law, while Clifford Chance advised the underwriters as to Hong Kong and US law.

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