Davis Polk is advising Haitong International Securities Company Limited, Macquarie Capital Securities Limited, UBS AG Hong Kong Branch and J.P. Morgan Securities plc as joint placing agents on the HK$29.94 billion (approximately US$3.84 billion) placing of H shares by Haitong Securities Co., Ltd (“Haitong Securities”). Completion of the placing is subject to a number of conditions precedent, including the obtaining of approval from Haitong Securities’ shareholders in general and class meetings.  

 

Haitong Securities is a leading full-service securities firm in the PRC with an integrated business platform, extensive branch network and substantial customer base. Haitong Securities’ H shares and A shares are listed and traded on the Hong Kong Stock Exchange and the Shanghai Stock Exchange, respectively.   

 

The Davis Polk team included partner Paul Chow and associate Yang Chu. All members of the Davis Polk team are based in the Hong Kong office.