Appleby advises China Success Finance Group Holdings on Hong Kong listing

Appleby acted as Cayman counsel for China Success Finance Group Holdings in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 13 November 2013, with gross proceeds of approximately HKD268m (£20m) and net proceeds of HKD216.3m (assuming that the over-allotment option is not exercised).

The group will use the majority of the net proceeds from the global offering to expand its financial capability by increasing its net asset value, registered capital or paid-up capital.

The remainder will be used to pursue potential merger and acquisition opportunities within the industry to further expand its business and service offerings.

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