Suzhou Xizhijia Maternal & Infant Care Service Co., Ltd. (“Xizhijia”, stock code: 832128) has successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. Shanghai-based senior partner Huang Xiamin, partners Xue Mei and Cheng Dang, associate Jiang Xiangjun and paralegal Tian Tian advised the company on the listing.
Hubei Weidong Chemical Co., Ltd. (“Weidong Chemical”, stock code: 832155) has successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. A Dacheng team composed of Beijing-based partner Wang Zuwei, Wuhai-based associate Qi Jiantian and partner Chen Jihong advised Weidong Chemical on the listing. Their expertise and efficiency was unanimously recognized by the client and other intermediaries.
Clifford Chance has advised Clayton Dubilier & Rice (CD&R) on its sale of British Car Auctions for £1.2billion to Haversham Holdings plc by way of an accelerated IPO.
This is the second accelerated IPO used as an exit route for a private equity backed company in the last 12 months. The other was the AA's flotation last summer, on which Clifford Chance also acted. These are the only two exits of this nature from the past decade.
Clifford Chance advised Petrotec AG in connection with an application for revocation of admission to trading of its shares on the regulated market (so-called delisting).
After approval of the application for revocation of the admission by the Frankfurt stock exchange, Petrotec AG's shares would then no longer be traded on any regulated market of any stock exchange.
The Petrotec Group, domiciled in Borken, is an industrial producer of waste-derived biodiesel and reached sales of EUR 167.2 million in its fiscal year 2014.
HKBN (Hong Kong Broadband Network), Hong Kong’s largest provider of residential fibre broadband services, by number of residential subscriptions, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited on Thursday, March 12.
Allens has advised Infrastructure Capital Group (ICG) on the successful A$205 million issue in the US Private Placement (USPP) market by Hallett Hill No.2 Wind Farm.
The transaction is groundbreaking as Hallett Hill is the first Australian wind farm to issue in the USPP market. ICG acted as financial and ratings adviser to Hallett Hill in the matter.
Funds from the USPP issuance will be used to refinance Hallett Hill’s current senior debt facility. Funding will occur on 27 May 2015.
Evolution Gaming Group AB (publ) has today been listed on Nasdaq First North Premier. Evolution Gaming is a leading B2B provider of Live Casino systems in Europe. In Live Casino, a human dealer runs the game in real time from a casino gaming table which can be seen via a live streaming video link. The Evolution Gaming group today employs approximately 940 full time employees whereof a majority is based in Latvia and Malta.
Shandong Laiwu Jinlei Wind Power Technology Co., Ltd. initial public offerings and the project of listing on the Growth Enterprise Market were successfully approved by Issuance Examination Committee of CSRC. Mr. Fang Litang (Executive vice-president of Deheng Law Group, senior partner), Mr. Guo Fangjin (consultant of DHH), and Mr. Zhang Miaojing (consultant of DHH) provided professional legal service for the company, and widely gained recognition.
A Dacheng team composed of Beijing-based senior partners Duan Aiqun, Zhang Gang and associate Yan Huiyi advised Ping An Bank on the share issuance. They were responsible for structuring the issuance plan, conducting due diligence, amending articles of association, improving the company’s internal governance structure and drafting relevant legal documents. Their quality, effective and comprehensive services won recognition from the client and participating intermediaries, including CITIC Securities Co., Ltd. (the sponsor) and PriceWaterHouseCoopers China (the auditor).
Norton Rose Fulbright has advised HSBC as the sole placing agent in the HK$1.15 billion top-up placing of 500,000,000 shares in Xinyi Solar Holdings Limited.
The net proceeds from the transaction are intended to be used as capital expenditure of solar farm projects and solar glass production plant in Malaysia and general working capital of the Xinyi Solar Group.