Appleby acts as Cayman counsel for Ji Cai Holdings in relation to listing on Hong Kong Stock Exchange

Appleby has acted as Cayman Islands counsel for Ji Cai Holdings Ltd in relation to its listing on the Main Board of the Hong Kong Stock Exchange with gross proceeds of approximately HK$72m.

Jin Cai Holdings is principally engaged in the design, printing and sale of cigarette packages in the People’s Republic of China.

A majority of the proceeds from the placing will be used primarily for expanding its Huizhou production base and its sales and marketing network.

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