Appleby advises Times Property Holdings on Hong Kong Stock Exchange listing
Appleby has acted as Cayman counsel for Times Property Holdings in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 11 December 2013, with gross proceeds of approximately HKD1.94bn (£150m).
Times Property will use majority of the proceeds from the offering for financing new and existing projects, including the land acquisition and construction costs of potential development projects, for the settlement of existing liabilities and for 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 senior associate Chris Cheng.
Sidley Austin advised the company as to Hong Kong law and Commerce & Finance Law Offices advised the company as to PRC law, while Hogan Lovells advised the underwriters as to Hong Kong law and US law and King & Wood Mallesons advised the underwriters as to PRC law.
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