Appleby acted as Cayman counsel for Wison Engineering Services Co. Ltd., a Shanghai-based engineering company, in relation to its listing on the Main Board of the Hong Kong Stock Exchange by way of a global offer on 28 December 2012, with net proceeds of approximately HK$1,360.2 million.
A majority of the proceeds from the offering will be used primarily for the construction and establishment of a national research and development center in Shanghai and an engineering, research and development center in Beijing.
The Appleby team was led by Judy Lee, a Corporate Partner in Appleby’s Hong Kong office, assisted by Associate, Paul Cheuk. Joseph P.C. Lee & Associates advised the Company as to Hong Kong and US law, while Beijing Jia Yuan Law Firm advised as to PRC law.
The Company and its subsidiaries (together, the “Group”) was the largest private sector chemical engineering, procurement and construction management, or EPC, service provider in China in terms of revenue for 2011. They provide a broad range of integrated services spanning the project lifecycle fro mfeasibility studies, consulting services, provision of proprietary technologies, design, engineering, raw materials and equipment procurement and construction management to maintenance and after-sale technical support.
