Appleby has acted as Cayman Islands counsel for Primega Group Holdings Limited (Primega) in relation to its USD7 million listing on the Nasdaq Capital Market.
A provider of transportation services that employ environmentally friendly practices with the aim of facilitating reuse of construction and demolition materials and reduction of construction waste, Primega operates in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites. It will use the net proceeds of the offering for a range of expansion purposes, including acquiring additional machinery and equipment, employing additional staff and upgrading its information technology systems to allow enhanced tracking of the location and deployment of its trucks.
The Appleby team advising Primega was led by Partner Chris Cheng, assisted by Legal Executive Connie Wu.
Commenting on the transaction, Chris said: “We are delighted to have supported Primega on its Nasdaq IPO as the group embarks on the next phase of its exciting growth plans.”
Appleby’s Hong Kong Capital Markets team excels in providing listing services, offering expertise in guiding offshore companies through IPOs, introductions, placements, and listings of equity and debt securities on globally recognised stock exchanges including those in Hong Kong, the US and Singapore.
