Eversheds in Hong Kong has advised Active Group Holdings Limited on the placing of new shares to the value of HK$112.8 million.

Active Group Holdings Limited, along with its subsidiaries, is engaged in the manufacture and sale of casual footwear, apparel and related accessories in the People’s Republic of China. Active Group has been listed on the Main Board of the Stock Exchange of Hong Kong Limited since 2011.

The Directors believe that the Placing will provide a good opportunity to raise additional funds to strengthen the financial position and broaden the shareholder and capital base of the Group so as to facilitate its future development.

The Eversheds team was led by Stephen Mok, Head of Corporate, Asia, assisted by Amy Yu and Grace Leung.

Stephen Mok commented:

“Active Group Holdings is a longstanding client of the firm and it is a pleasure to have advise them on this latest share placing which will help the company to continue with its strategic growth plans.”