Appleby’s Hong Kong office acted as Cayman Islands counsel for Samfine Creation Holdings Group Limited (“Company”, together with its subsidiaries, the “Group”) in relation to its listing on Nasdaq Capital Market under the symbol “SFHG” on 15 October 2024 and its full exercise of over-allotment option, with gross proceeds of approximately USD9.2 million.
The team was led by Partner, Chris Cheng, and assisted by Legal Executive, Connie Wu.
The Company is an established one-stop printing service provider which provides printing services in Hong Kong and the People’s Republic of China (“PRC”). With over 20 years of experience in the printing industry, its operating subsidiaries offer a wide range of printed products such as book products, novelty and packaging products. Its operating subsidiaries’ customers principally comprise of book traders located in Hong Kong whose clients are located around the world, mainly in the U.S. and Europe.
The Company intends to use the net proceeds of this offering to strengthen its business in Hong Kong and expand its market presence in other international markets. The funds will also be allocated for the purchase of machinery, upgrading its equipment to enhance automation as well as for working capital and other general corporate purposes.
