Clifford Chance advises Hanhua Financial on its HK$1.86 billion IPO
Leading international law firm Clifford Chance has advised Hanhua Financial Holding Co., Ltd. on its HK$1.86 billion (approx. US$ 239 million) listing on on the Main Board of The Stock Exchange of Hong Kong Limited. A total of 1.15 billion shares were sold at HK$1.62 per share. CICC and China Galaxy acted as joint sponsors and bookrunners.
Hanhua Financial is a leading credit-based guarantee financing provider for small and medium-sized enterprises in China. Proceeds from the listing will primarily be used for its microfinance and small loans business.