Appleby advises Huaxi Holdings Company on its listing on main board of SEHK

Appleby has acted as Cayman counsel for Huaxi Holdings Company in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 6 December 2013, with gross proceeds of approximately HK$111m (£8.7m)

Huaxi Holdings is principally engaged in the manufacture and sale of cigarette-related packaging materials in the PRC.

It will use the majority of the proceeds from the offering for upgrading its existing production base, expansion of production capability and to increase its production capacity, as well as possible strategic acquisition of other market players in the same industry.

The remaining proceeds will be used for research and development activities, sales and marketing activities, renovation of existing production facilities and office building, and general working capital.

The Appleby team was led by Judy Lee, a corporate partner in Appleby’s Hong Kong office, and assisted by senior associate Chris Cheng.

This content was originally sourced from the Appleby website.

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