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Appleby advises Fook Woo on Hong Kong listing

Offshore law firm Appleby acted as Cayman counsel for Fook Woo Group in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 31 March 2010.

The proceeds from the global offering amounted to HKD1.426bn.

The Hong Kong public offering was 422 times over-subscribed. 

Appleby also provided BVI legal advice to Fook Woo’s BVI subsidiaries in the transaction. 

The Appleby team was led by Hong Kong-based corporate partner Judy Lee (pictured), assisted by Chris Cheng.

Fook Woo is a waste paper management services provider and the largest vertically integrated paper recycler in the PRC as of 31 December 2009. Its waste paper management services include collecting waste paper from suppliers in Hong Kong and the PRC and providing confidential materials destruction services in Hong Kong.

The proceeds from the global offering will be used for the expansion of its recycled paper products manufacturing business in the PRC and Hong Kong and the setting up of an integrated waste paper collection and confidential materials destruction centre in Hong Kong.

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