DLA Piper has advised Safestyle UK plc (Safestyle) on a £77 million placing on London's AIM market. Safestyle is a leading UK-focused retailer and manufacturer of PVCu windows and doors for the UK homeowner replacement market. The company has grown since its founding in 1992 to become the largest company in the UK homeowner window and door replacement market, manufacturing 232,000 frames in 2012, and carrying out in excess of 50,000 installations.
Pinsent Masons has advised Quam Capital and the Underwriters, on the HK$100 million (equivalent to approximately £7.9 million) placing of shares and listing of U Banquet Group Holding Limited (“U Banquet”) on the Growth Enterprise Market of the Hong Kong Stock Exchange.
Watson, Farley & Williams has advised Navigator Holdings Ltd on its initial public offering as Navigator and certain of its shareholders sold 13.8 million shares to raise an aggregate of approximately US$262.2 million, at a price per share of US$19.00. Navigator did not receive any of the proceeds from the sale of shares by its shareholders.
Navigator is now listed on the New York Stock Exchange.
Olswang has advised domestic Chinese B2B e-commerce operator JQW plc on its admission to trading on the London Stock Exchange's Alternative Investment Market (AIM). The placing has raised £6.7m and market capitalisation on admission was £135m. Dealings commenced on 9 December 2013 at 8:00am.
Squire Sanders has advised the full-service broking and advisory house and AIM nominated adviser Peel Hunt LLP, in relation to an equity fundraising by Peel Hunt’s client, Proxama plc. The fundraising involved an institutional placing with a view to raising £8.6m million (gross). The funds raised will be used to support Proxama's geographic and commercial expansion. Part of the fundraising is conditional on the approval of Proxama’s shareholders.
Ashurst has advised YTC Resources Limited (YTC), as issuer, in a A$25 million equity raising via share subscription. Pacific Road Capital were subscribers in the placement.
YTC agreed to a strategic equity funding transaction with Pacific Road Capital for the continuing exploration and development of the Hera-Nymagee Projects. The agreement was entered into on 5 December 2013.
Herbert Smith Freehills is advising Citigroup Global Markets Australia Pty Limited and UBS AG, Australia Branch in relation to their role as joint lead managers and underwriters of Veda Group Limited’s (Veda) initial public offering (IPO) and listing on the Australian Securities Exchange.
Pinsent Masons has advised Octal Capital Limited on the listing by way of introduction of Willas-Array Electronics onto the Hong Kong Stock Exchange.
Willas-Array is a long established and renowned provider of electronic components and engineering solutions to industrial and commercial users in the Greater China region.
Herbert Smith Freehills has advised GCL-Poly Energy Holdings Limited, China's largest polysilicon and solar wafer producer, on its US$200 million 0.75% convertible bonds due 2018.
The bonds are proposed to be listed on the Singapore Exchange and represents GCL-Poly's very first convertible bonds offering.
International law firm Freshfields Bruckhaus Deringer has advised the listing agent and the underwriters on the US$215m global offering and listing of Spring Real Estate Investment Trust (Spring REIT) on the Hong Kong Stock Exchange, which took place today.
Managed by Spring Asset Management Limited, Spring REIT is a real estate investment trust formed primarily to own and invest in high quality income-producing real estate assets in Asia, with the initial assets comprising Office Towers 1 and 2 in China Central Place, in Beijing.