Kwong Luen Engineering Holdings Limited’s HKD135 Million Listing on Hong Kong Main Board

Appleby’s Hong Kong office acted as Cayman counsel to Kwong Luen Engineering Holdings Limited in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 11 March 2021, with gross proceeds of approximately HKD135 million.

Kwong Luen is a foundation works contractor in Hong Kong. It commenced its business in 1995 and has since undertaken foundation works in the role of subcontractor through Kwong Luen Engineering Limited, its principal operating subsidiary.

Kwong Luen intends to apply the net proceeds from the Share Offer to finance the up-front costs of its projects, purchase machinery, further expand and strengthen its manpower, and purchase a building information modelling software as well as supporting hardware device.

The Appleby team was led by Partner Judy Lee (Picture) and Legal Manager Minnie Choi.

Involved fees earner: Minnie Choi – Appleby; Judy Lee – Appleby;

Law Firms: Appleby;

Clients: Kwong Luen Engineering Holdings Limited;

Author: Sonia Carcano