DLA Piper has advised client Lanzhou Zhuangyuan Pasture Co., Ltd. ("Zhuangyuan Pasture") on the HK$186.2 million listing and initial public offering of its H shares on the main board of the Hong Kong Stock Exchange. Trading of the company's H Shares commenced last Thursday, 15 October, under the stock code of 1533.HK.

Zhuangyuan Pasture is a leading dairy company in Gansu and Qinghai of Northwest China, with a vertically integrated business model covering dairy farming, manufacturing and marketing and sales of dairy products. Zhuangyuan Pasture is the first company in Gansu listed on the Hong Kong Stock Exchange.

The DLA Piper team led the IPO, advising Zhuangyuan Pasture on Hong Kong laws, with the responsibility of drafting the prospectus for the listing.

Melody He-Chen, partner at DLA Piper said: "The successful listing of Zhuangyuan Pasture's H-share has demonstrated the strong execution capability of our capital markets practice group, which also successfully completed the red-chip listing and IPO of China Greenfresh Group in May this year.  Despite of the challenging market conditions, the public offering tranche of Zhuangyuan Pasture's H-shares received about 3.27 times subscription and the international offering tranche was moderately over-subscribed.  With market conditions expected to be gradually improve,  further listings and financing activities are predicted for the remainder of the year. Our team are able to support our clients in their broad range of capital markets transactions and we look forward to working with Zhuangyuan Pasture again in future".

The team was led by Melody He-Chen (Partner), and supported by Christina Loh (Of Counsel), Carole Fan (Senior Associate), Simei Huang (Legal Officer), Maisie Yeung (Legal Assistant), Cherry Wang (Paralegal), Samuel Li (Paralegal), Hannah So (Trainee Solicitor) and Alex Luk (Trainee Solicitor).  Jeffery Mak (Partner) also provided senior support to the transaction.

GF Capital (Hong Kong) Limited is the Sole Sponsor of the listing and GF Securities (Hong Kong) Brokerage Limited is the Sole Global Coordinator and a Joint Bookrunner of the Global Offering.  China Securities (International) Corporate Finance Company Limited, Haitong International Securities Company Limited and AMTD Asset Management Limited are the other Joint Bookrunners.  They were represented by P.C. Woo & Co.