Baker McKenzie recently advised Chong Hing Bank ("the Bank") on a rights issue of up to 361,313,000 rights shares on the basis of one rights share for every two shares at the price of HKD14.26 per rights share, raising up to approximately HKD 5.15 billion.

Separately, the Bank has allotted and issued to Guangzhou Metro Investment Finance (HK) Limited, which is wholly owned by Guangzhou Metro Group Co., Ltd., 70,126,000 subscription shares at the price of HKD14.26 per share.

The Firm recently represented China Conch Venture Holdings International Limited, a company incorporated in the British Virgin Islands (the “Issuer”), and its parent, China Conch Venture Holdings Limited, a company incorporated in the Cayman Islands and the common shares of which are listed on the Hong Kong Stock Exchange (the “Parent”), in connection with the offering and sale of HK$3,925 million (US$500 million) aggregate principal amount of Zero Coupon Guaranteed Convertible Bonds due 2023 of the Issuer (the “Bonds”).

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Funding Circle Holdings Limited (‘Funding Circle’), a leading global loans platform for small and medium-sized enterprises (‘SMEs’) with operations in the UK, US, Germany and the Netherlands, on its plans to proceed with an initial public offering (‘IPO’).
 

Travers Smith LLP is advising Smithson Investment Trust ("Smithson"), a newly incorporated plc, on its £250 million initial public offering and listing  on the main market of the London Stock Exchange.

The £250 million IPO will include a placing, offer for subscription and intermediaries offer. Smithson will have discretion to issue up to £350 million in shares, and a further authority to allot an additional £100 million by way of a 12 month placing programme from the date its prospectus is published.

Ashurst advised Peel Hunt and Deutsche Bank as joint bookrunners (and Peel Hunt as Sponsor) in relation to the £65 million placing and open offer of Carpetright plc, launched on 18 May 2018. Carpetright is Europe's leading specialist floorcoverings and beds retailer, with stores in the UK, the Netherlands, Belgium and the Republic of Ireland.

DLA Piper has advised Australian incorporated coal development company, Riversdale Resources ("Riversdale"), on its $70 million placement to Hancock, resulting in Hancock's acquisition of a strategic stake in Riversdale. The investment values Riversdale at approximately $500 million.

Headquartered in Chatsworth, New South Wales, Riversdale's primary asset is the Crowsnest Pass Complex in Alberta, Canada. The Complex contains its flagship Grassy Mountain Project, a large, high-quality steelmaking coal development project.

DLA Piper has advised the Luxembourg based company Kleos Space on its initial public offering (IPO) and listing on the Australian Stock Exchange. The IPO comes in the lead-up to the planned launch of the company’s multi-nanosatellite system, to be supplied by Danish cubesat builder GomSpace, in mid-2019 to detect radio transmissions and pinpoint their origin and timing.