Appleby Advises Joyas International Holdings
Law firm Appleby acted as Bermuda counsel to Joyas International Holdings Limited [Joyas] in relation to its proposed renounceable non-underwritten rights issue of warrants and convertible bonds.
Joyas will issue warrants at an aggregate price of up to approximately S$3.5 million and 7.0% convertible bonds due 2020 at an aggregate price of up to approximately S$5.3 million.
A majority of the proceeds from the warrant and bond issuance will be used to expand the company’s nickel business through its proposed acquisition of Hong Kong Silver Basic Group [HK Silver], a distributor and trader of nickel in Hong Kong and China.
The Appleby team was led by John Melia, a corporate partner in the Hong Kong office, assisted by Vincent Chan, associate. Shook Lin & Bok LLP acted as the Singapore legal adviser to Joyas.
Joyas, a Bermuda-incorporated company listed on the Singapore Stock Exchange, is principally engaged in the design, manufacture, and sale of metal gift and jewellery products.
