Appleby acts as Cayman counsel for Redco Properties Group in relation to HKSE listing

Appleby has acted as Cayman counsel for Redco Properties Group in relation to its listing on the Main Board of the Hong Kong Stock Exchange (HKSE) on 30 January 2014, with net proceeds of approximately HKD865m (£67m).

Redco will use the majority of the net proceeds from the offering in paying the land premium for the land use rights of new property development projects. The remaining net proceeds will be used for working capital and other general corporate purposes.

The Appleby team was led by Judy Lee, a corporate partner in Appleby’s Hong Kong office, assisted by associates Jo Lit and Kate Li.

Sidley Austin advised the company as to Hong Kong law and King & Wood Mallesons advised the company as to PRC law, while Mayer Brown JSM and Jun He law firm advised the underwriters as to Hong Kong and PRC laws respectively.

This content was originally sourced from the Appleby website.

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