Appleby acted as Cayman Islands counsel for J-Long Group Limited (“J-Long”, together with its subsidiaries, “the Group”) in relation to its listing on Nasdaq Global Market under the symbol “JL” on 24 January 2024, with gross proceeds of approximately USD7 million. The Appleby team, led by Partner Chris Cheng and assisted by Legal Executive Connie Wu, played a pivotal role in facilitating this strategic move.
J-Long, a holding company incorporated in the Cayman Islands, operates primarily through its subsidiary based in Hong Kong. The Group has established itself as a prominent distributor in Hong Kong, specialising in reflective and non-reflective garment trims. With nearly three decades of experience in the apparel industry, the Group has served over 100 international brands across various sectors, including outerwear, sportswear, uniforms, safety workwear, and fashion.
J-Long’s strategic allocation of proceeds further distinguishes this deal. Approximately 30% will be earmarked for potential acquisitions, signalling a commitment to strategic growth. Another 20% will be dedicated to enhancing research and development capabilities, demonstrating a forward-thinking approach to innovation. Additionally, 20% will be utilized to expand warehouse and storage capacity, ensuring operational readiness for future expansion initiatives.
Our Hong Kong Capital Markets team excels in providing top-notch listing services, offering expertise in guiding offshore companies through IPOs, introductions, placements, and listings of equity and debt securities on globally recognized stock exchanges including those in Hong Kong, US, and Singapore.
