Appleby advises Optics Valley on its Hong Kong Stock Exchange listing
Appleby has acted for Optics Valley Union Holding Company on its listing on the Main Board of the Hong Kong Stock Exchange on 28 March 2014, with proceeds of approximately HKD872m (£68m).
Optics Valley is primarily engaged in the development and operation of large-scale business parks with distinctive industry themes.
It will use the majority of the net proceeds to finance the payment of land premiums and construction costs for its ongoing and future projects. The remaining proceeds will be used for paying land premiums for business park projects focusing on the creative industry, 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 associate Jo Lit. Paul Hastings advised the company as to Hong Kong law and Jingtian & Gongcheng advised the company as to PRC Law, while Morrison & Foerster and Commerce & Finance Law Offices advised the underwriters as to Hong Kong and People’s Republic of China laws respectively.
This content was originally sourced from the Appleby website.
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