King & Wood Mallesons (“KWM”) advised Huatai Securities Company Limited (“Huatai Securities”) on its successful Hong Kong IPO and H-share issuance (Company Name: HTSC; Stock Code: 06886). Huatai issued 1.4 billion shares priced at HK$24.80 per share and raised approximately HK$34.72 billion, among which 162,768,800 H-shares were under the overallotment option, which was exercised by the joint global coordinator of Huatai Securities on June 24. Overall, Huatai Securities raised approximately HK$38.757 billion, making it the largest IPO in the Asia-Pacific region in the first half of 2015.
King & Wood Mallesons acted as the PRC legal counsel to the issuer. This project was led by partners Mr. Zhang Yongliang, Ms. Gao Yimin, Ms. Su Zheng and Mr. Ye Guojun, supported by Mr. Jiang Zhihui, Mr. Wu Han, Mr. Wang Ning and Mr. Li Zhenjiang. Partner Ms. Yang Xiaolei, Lawyer Ms. Li Li and Mr. Chen Wei provided strong support to the project.
Huatai Securities was established in May 1991, and listed on Shanghai Stock Exchange in February 2010. Now, Huatai Securities is one of China's largest stock brokerage firms, providing a range of comprehensive services to institutional and retail investors.