Appleby acted as Cayman counsel for WellCell Holdings Co. Limited (together with its subsidiaries, the “Group”) in its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited on 12 January 2024, raising gross proceeds of approximately HKD125.0 million. The Appleby team, led by Partner Judy Lee and assisted by Legal Manager Kelly Tang, played an important role in this transaction.
The Group is a telecommunication network support and information and communication technology (“ICT”) integration services provider and software developer in the PRC. The Group offers a comprehensive range of services and products, from enhancement and maintenance of the existing telecommunication networks of the customers and infrastructure, to customising computer system design for providing business-specific system to the customers. The Group maintains relationships with customers which include some renowned state-owned, listed and private enterprises.
The net proceeds from the offering will be mainly allocated for financing initial funding needs for future ICT integration projects, pursuing new research and development undertakings, and expanding manpower in project management to cater for the anticipated expansion plans and business growth of the Group.
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.
