Appleby advises Yi Hua Department Store on Hong Kong listing

Appleby has acted as Cayman Islands counsel to Yi Hua Department Store Holdings in connection with its listing on the Main Board of the Hong Kong Stock Exchange with net proceeds of approximately HKD84m (£6.7m).

Yi Hua will use the net proceeds for a newly opened department store in Yangjiang, the opening of a new department store in Zhenjiang, the opening of a new department store in Enping and the upgrade of its existing information and technology systems.

The Appleby team was led by John Melia, a corporate and commercial partner in Appleby’s Hong Kong office, assisted by associate Vincent Chan. Anthony Siu & Co advised the company as to Hong Kong law, while Peter C Wong of Chow & Chow advised the underwriters as to Hong Kong law.

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