Davis Polk advised Qingdao Port International Co., Ltd. (“Qingdao Port”) in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The gross proceeds from the offering amounted to approximately HK$2,493.2 million ($321.6 million) prior to any exercise of the over-allotment option.  

Qingdao Port is the primary operator of the Port of Qingdao, one of the world’s largest comprehensive ports. The Port of Qingdao ranked seventh in total throughput, eighth in container throughput, and sixth in metal ore throughput in the world in 2012, and ranked seventh in container throughput in the world in 2013.    

BOCI Asia Limited, CITIC Securities Corporate Finance (HK) Limited and UBS Securities Hong Kong Limited acted as joint sponsors for the Hong Kong offering. BOCI Asia Limited, CLSA Limited and UBS AG, Hong Kong Branch acted as joint global coordinators for the global offering. BOCI Asia Limited, CLSA Limited, UBS AG, Hong Kong Branch and Deutsche Bank AG, Hong Kong Branch acted as joint bookrunners and joint lead managers for the global offering.

The Davis Polk corporate team included partners Bonnie Y. Chan, Antony Dapiran and Li He and associates Stephenie Fung and Lulu Lin. Partner John D. Paton and associates Rhiannon Nakano provided tax advice. Counsel Jeanine P. McGuinness provided OFAC advice. Associate Vanessa K. Rakel provided 1940 Act advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, London, Washington DC and New York offices.