Appleby advises Xinchen China Power Holdings on stock exchange listing

Appleby has acted as Cayman counsel for Xinchen China Power Holdings in relation to its listing on the Main Board of the Hong Kong Stock Exchange, with proceeds of approximately HKD878m (£76m).

Proceeds from the offering will be used primarily to fund the expansion of production capacity, product development activities and the construction of a research and development centre in Chengdu, Sichuan province.

The Appleby team was led by Judy Lee, a corporate partner in the law firm’s Hong Kong office, assisted by associate Paul Cheuk.

Shearman & Sterling advised Xinchen on Hong Kong and US law, while Jingtian & Gongcheng advised Xinchen on People’s Republic of China (PRC) law.

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