King & Wood Mallesons advised AAG Energy on its red chip listing on the main board of HKSE
King & Wood Mallesons (KWM) has advised AAG Energy Holdings Limited (AAG Energy) on its successful red chip listing on the main board of the Stock Exchange of Hong Kong.(stock code: 02686). The shares have been offered globally, and are crowned the first stock to be offered by a Chinese Coal Bed Methane (CBM) commercial developer. In this project, a total number of761.4million shares have been issued globally with net proceeds of approximately HKD $1.923 billion after deduction of the underwriting commissions and other expenses.