Hong Kong – Paul Hastings, a leading global law firm, announced today that the firm represented Bank of Tianjin, the only city commercial bank headquartered in Tianjin, in its US$948 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange. BOCI Asia Limited, ABCI Capital International and CCB International Capital Limited acted as joint sponsors for the listing.
Freshfields Bruckhaus Deringer has advised China Zheshang Bank Co., Ltd (China Zheshang Bank) on its US$1.7bn (HK$13.18bn) IPO on the Hong Kong Stock Exchange.
The listing, which commenced trading today, is the world’s largest IPO in 2016 to date.
China Zheshang Bank is a nationwide joint-stock commercial bank in mainland China, headquartered in Hangzhou.
Freshfields advised on both the Hong Kong and US aspects of the listing.
Clifford Chance has advised Moelis Advisory Australia Pty Ltd in its roles as underwriter to the AUD$212 million initial public offering (IPO) of OneView Healthcare PLC on the Australian Securities Exchange (ASX).
OneView Healthcare is headquartered in Dublin and provides software solutions that integrate hospital's IT systems onto one technology platform. It allows hospital staff, clinicians and patients to use the bedside terminal for a range of different purposes including health monitoring, and entertainment for the patient.
Clifford Chance has advised the joint global coordinators, BOCI Asia Limited, ABCI Securities Company Limited, CCB International Capital Limited, Guotai Junan Securities (Hong Kong) Limited, Haitong International Securities Company Limited and AMTD Asset Management Limited, on the Bank of Tianjin's US$949 million IPO. The Bank sold 995.5 million shares at approximately US$0.95 each, and secured US$560 million in commitments from cornerstone investors.
The Law Office of Salman M. Al-Sudairi in association with Latham & Watkins LLP advised the Middle East Healthcare Company (MEAHCO) on the US$480 million (SAR1.8 billion) initial public offering (IPO) of 30 percent (%) of its shares at an offer price of SAR64 per share, and the listing of its shares on the Saudi Stock Exchange (Tadawul).
Shearman & Sterling advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. as joint global coordinators and joint bookrunners on Hutchison China MediTech Limited’s (Chi-Med) US initial public offering of American depositary shares on the NASDAQ Global Select Market.
Upon completion, the ordinary shares of Chi-Med will continue to be traded on the AIM market of the London Stock Exchange.
Berwin Leighton Paisner (BLP) has advised clients Secure Income REIT plc (SIR), and Numis Securities and Peel Hunt on two separate fundraisings.
BLP advised SIR on a secondary placing of 110,735,013 ordinary shares at 255 pence per share. The placing was oversubscribed and represented 61.4% of the issued share capital of the Company.
Norton Rose Fulbright has advised Beijing Capital Land Ltd on its proposed A-share offering and listing in the People’s Republic of China.
The board of directors proposes to issue not more than 370 million A-shares, at a price to be determined by consultation with lead underwriters, to qualified investors on either the Shanghai Stock Exchange or the Shenzhen Stock Exchange.
Beijing Capital Land Ltd. is a leading integrated real estate developer in China and listed on the Hong Kong Stock Exchange in 2003.
Norton Rose Fulbright has advised SMIT Holdings Limited on its global offering and initial public offering on the Main Board of the Hong Kong Stock Exchange, which are expected to raise up to HK$291 million.
SMIT Holdings is a venture capital backed technology company and a leading security devices provider for pay TV broadcasting access worldwide and for mobile point-of-sale payment systems in China. The company is headquartered in Hong Kong, with offices in Shenzhen, China and Munich, Germany.
Slaughter and May, Hong Kong, advised on the global offering and listing of Union Medical Healthcare Limited (UMH) on the Main Board of the Hong Kong Stock Exchange. The global offering consisted of a Hong Kong public offering and a concurrent Rule 144A/Regulation S placement and raised approximately HK$706 million (before the exercise of the over-allotment option). Slaughter and May advised the underwriters, including Credit Suisse (Hong Kong) Limited, Haitong International Securities Company Limited and CIMB Securities Limited as to U.S. and Hong Kong laws on the global offering.