Appleby advises U Banquet Holding on Hong Kong Stock Exchange listing

Appleby has acted as Cayman Islands counsel for U Banquet Holding in relation to its listing on the Growth Enterprise Market of the Hong Kong Stock Exchange by way of placing on 10 December 2013, with gross proceeds of approximately HKD100m (£8m).

U Banquet will use the majority of the net proceeds for opening more restaurants, refurbishing its existing restaurants and strengthening its marketing efforts and quality control standard.

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

This information was sourced from the Appleby website.

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