Appleby advises Kerry Logistics Network on Hong Kong Stock Exchange listing
Appleby has acted as Bermuda counsel for Kerry Logistics Network in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 19 December 2013, with gross proceeds of approximately HK$2.2bn (£173m).
Kerry Logistics will use majority of the net proceeds for funding capital expenditures in connection with future expansion and acquisition activities and part repayment of the loans from a fellow subsidiary and the remaining portion for working capital and general corporate purposes.
The Appleby team was led by Judy Lee, a corporate partner in the firm’s Hong Kong office, assisted by senior associate Chris Cheng.
Davis Polk & Wardwell advised the company as to Hong Kong and US law and Tian Yuan Law Firm advised the company as to PRC law. Deacons and Freshfields Bruckhaus Deringer advised the underwriters as to Hong Kong law and US law respectively, while Jia Yuan Law Offices advised the underwriters as to PRC law.
This information was originally sourced from the Appleby website.
News from Appleby
News from The Lawyer
Briefings from Appleby
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Feltham v Bouskell provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients.
Analysis from The Lawyer
The past quarter has been busy for the offshore sector as firms have looked to capitalise on globalisation, while workflow has remained high
Business is booming in the Isle of Man, a small jurisdiction that thinks big