Baker & McKenzie's securities team acted as Hong Kong law counsel on the HK$660 million global offering of Asiaray Media Group Limited ("Asiaray"), a leading out-of-home media company with a strategic focus on airport and metro line advertising across Greater China. The shares of Asiaray commenced trading on The Stock Exchange of Hong Kong Limited on 15 January 2015.

Asiaray operates in the out-of-home advertising industry in China and Hong Kong. Out-of-home advertising includes billboards, light box displays, neon signs and LED displays, as well as various forms of advertising spaces and media in airports, metro lines and other transportation. Asiaray has an extensive nationwide network of media resources covering 33 cities in Greater China, comprising operations at 26 airports, 10 metro lines and over 340 billboards and building solutions.

The Baker & McKenzie team was led by Elsa Chan, partner and head of the Securities Practice Group in Hong Kong and China, and also involved Shanghai-based partner Lance Chen, as well as special counsel  Tracy Lam and associates Ashley Chow and Molly Guan in Hong Kong. The team had lead responsibility for legal documentation, prospectus drafting, corporate and regulatory issues, communication with the regulators and general transaction management.