Appleby acted as Cayman Islands and British Virgin Islands counsel for Seacon Shipping Group Holdings Limited (“Seacon Shipping”) on its global offering and listing on the Main Board of the Hong Kong Stock Exchange on 29 March 2023, with net proceeds of approximately HKD386.8 million.
Seacon Shipping is an integrated shipping services provider headquartered in the PRC, providing comprehensive shipping solutions to customers along the value chain of the maritime shipping industry, providing ship management and shipping services to customers in the shipping industry such as shipowners, ship operators and financial institutions.
Seacon Shipping intends to apply the net proceeds from the offering for purpose of, among other things, expanding and optimizing the group’s vessel fleet, increasing the scale of the group’s chartered-in vessel fleet, reinforcing the group’s ship management capabilities by setting up new offices in strategic locations, adopting digital technologies and implementing advanced information technology in the group’s business operations.
Vincent commented, “we are pleased to assist Seacon Shipping, which ranked first among ship management service providers in the region in 2021 by one of the reputed international industry and research consultancy firms, on their global offering and listing, and to help further expanding their business. Given the geopolitical circumstances in 2022 and pandemic-related restrictions, we expect to see an increased collaboration among different stakeholders and green transition in the maritime industry in 2023.”
Our Hong Kong Capital Markets team is highly regarded for their extensive expertise in supporting offshore companies with IPOs, introductions, placements and listings of both equity and debt securities on the Hong Kong, US, Singapore and many other internationally recognised stock exchanges.