Appleby acts as counsel on Camkids' share issuance

Appleby has acted as Jersey counsel to Camkids Group in relation to its issuance of ordinary shares on the AIM market of the London Stock Exchange on 24 December 2013.

Allenby Capital acted as nominated adviser and sole broker to the group, which is a Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers. The net proceeds of the placing and subscription will be used by Camkids to enhance its research and development facilities, branding and marketing, to increase its presence in its existing provinces, to enter new markets in the People’s Republic Of China and to extend its current production facilities.

Camkids selected Jersey as the jurisdiction to incorporate its holding company, continuing the jurisdiction’s strong showing in the London IPO market. Camkids was the 10th Jersey company listed on AIM in 2012 and the seventh Chinese group. AIM currently has 49 Jersey companies listed on the market.

The Appleby team was led by corporate partner James Gaudin and senior associate Simon Tait, working with teams from the London offices of law firms Fasken Martineau and Pinsent Masons.

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