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Banking & Finance - Capital Markets: Equity

Norton Rose Fulbright advises China Merchants Securities on HK$978 million top-up placing of shares in China Chengtong

21 Jul 2015

Norton Rose Fulbright has advised China Merchants Securities (HK) Co., Ltd as the sole placing agent in the top-up placing of 968,000,000 shares in China Chengtong Development Group Limited (China Chengtong), a company listed on the main board of the Hong Kong Stock Exchange.

China Chengtong is primarily engaged in property development, property investment, financial leasing, hotel and marine travelling services, bulk commodity trade and trading and processing of coal.

Allen & Overy advises Joint Bookrunners in connection with the capital increase of LEG Immobilien AG

21 Jul 2015

Allen & Overy LLP has advised COMMERZBANK Aktiengesellschaft and Kempen & Co N.V. as Joint Bookrunners in connection with the capital increase of LEG Immobilien AG raising gross proceeds of EUR 73.6 million.

The 1,196,344 new registered shares with dividend entitlement as from the financial year 2015 were placed with international institutional investors at a price of EUR 61.54 per share. The new shares are not entitled to the proposed dividend payment of EUR 1.96 per share for the financial year 2014. The transaction closed on 29 June 2015.

Roschier represented Grontmij in the intended public offer by Sweco

21 Jul 2015

Sweco AB (Nasdaq Stockholm) and Grontmij N.V. (Euronext Amsterdam) have jointly announced to have reached a conditional agreement in connection with an intended public offer by Sweco for all issued and outstanding ordinary shares of Grontmij.

According to Grontmij and Sweco, the contemplated transaction will create a leading European engineering consultancy firm. The value of the offer, which has been unanimously recommended by the Executive Board and the Supervisory Board of Grontmij, amounts to MEUR 354.

Setterwalls assist a new Chinese shareholder of the Saab automobile manufacturer NEVS

21 Jul 2015

Setterwalls advises the Chinese City of Tianjin in a direct share issue in NEVS (National Electric Vehicle Sweden AB) which manufactures electric Saab cars. After a court approved composition of creditors, the reorganization of NEVS was concluded in April 2015. Tianjin's development company GaoXin BoHua Investment Co Ltd has now acquired a first tranche of shares for USD 20 million of the total contracted USD 200 million representing 30 percent of the shares in NEVS.

Setterwalls team consists of Hakan Fohlin and Anders Grefberg.

Hengeler Mueller advises on IPO of Deutsche Pfandbriefbank

20 Jul 2015

Hengeler Mueller has advised on the initial public offering (IPO) of the shares of Deutsche Pfandbriefbank AG (pbb). Trading of the pbb shares has commenced today in the Prime Standard segment of the Regulated Market of the Frankfurt Stock Exchange. A total of 107,580,245 shares (including 6,589,289 shares in connection with an over-allotment) were placed from the holdings of Hypo Real Estate Holding AG (HRE) and thereby indirectly by the Federal Republic of Germany through the Financial Market Stabilisation Fund (FMS) as owner of HRE.

Slaughter and May advised - Golden Throat on its Hong Kong IPO

16 Jul 2015

Slaughter and May, Hong Kong, advised Golden Throat Holdings Group Company Limited (Golden Throat) on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. Golden Throat raised approximately HK$764.7 million (before the exercise of over-allotment option) through the IPO. Credit Suisse (Hong Kong) Limited acted as the sole sponsor, sole global coordinator, sole bookrunner and sole lead manager.

Hogan Lovells Advises on US$585.8 million placing of new shares of Far East Horizon Limited

16 Jul 2015

Hogan Lovells has advised UBS AG Hong Kong Branch ("UBS") as the placing agent in respect of a placement of 658 million new shares of Far East Horizon Limited ("Far East Horizon") for approximately US$585.8 million.
Far East Horizon, a company listed on the Hong Kong Stock Exchange, is a leading Chinese financial service provider devoted to providing customers with tailored one-stop financial solutions.

The Hogan Lovells team advising UBS was led by Hong Kong partner Nelson Tang, supported by partner Thomas Tarala and associates Don Chan and Jeffrey Lee.

Freshfields advises on Golden Throat IPO

16 Jul 2015

International law firm Freshfields Bruckhaus Deringer has advised the underwriters of the US$108m IPO of Golden Throat Holdings Group Company Limited (Golden Throat).

Freshfields advised the sole global coordinator, bookrunner and lead manager on the listing.

Golden Throat is one of China’s largest and best-known lozenge manufacturers.

The Freshfields team advising on the transaction was led by US corporate partner Calvin Lai.

Baker & McKenzie Advises on the Global Offering of Chen Xing Development Holdings Limited

16 Jul 2015

Baker & McKenzie recently acted as legal advisor (covering both Hong Kong and US law) to ICBC International Capital Limited ("ICBCI") as the sole sponsor, sole global coordinator and sole bookrunner, as well as the Underwriters on the approximately HK$300 million global offering of Chen Xing Development Holdings Limited, one of the leading property developers in Shanxi Province ("Chen Xing").  The shares of Chen Xing commenced trading on The Stock Exchange of Hong Kong Limited on 3 July 2015.  The net proceeds from the global offering will be mainly used to finance the develop