Categories:Corporate

Appleby advises on Hong Kong Stock Exchange listing of New Century REIT

Appleby has acted as Cayman Islands and British Virgin Islands counsel for New Asset Management Ltd (the manager) in relation to the listing of units of New Century Real Estate Investment Trust (REIT) on the Main Board of the Hong Kong Stock Exchange on 10 July 2013, with gross proceeds of approximately HK$680m.

Appleby has acted as Cayman Islands and British Virgin Islands counsel for New Asset Management Ltd (the manager) in relation to the listing of units of New Century Real Estate Investment Trust (REIT) on the Main Board of the Hong Kong Stock Exchange on 10 July 2013, with gross proceeds of approximately HK$680m.

New Century REIT owns five five-star New Century hotels in China and is the first China hotel-focused REIT to be listed on the Hong Kong Stock Exchange.

The Appleby team was led by Judy Lee, a corporate partner in Appleby’s Hong Kong office, assisted by associate Julia Tam.

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