Norton Rose Fulbright has advised Jefferies Hong Kong on a US$34 million placing of new H shares of Launch Tech Company Limited.

Launch Tech Company Limited is a Hong Kong listed company engaged in the provision of products and services serving the automotive aftermarket and the automobile industry in the People’s Republic of China and certain overseas countries.

Jefferies is a global firm providing a full range of investment banking, sales, trading, research and strategy services to investors, companies and governments.

Net proceeds from the placing will be used for development of “internet of vehicles” business, development of smart devices and vehicles cloud platforms, as well as a general working capital of Launch Tech.

The team in Hong Kong was led by partner Terence Lau and foreign legal consultant Allan Yee, assisted by Of Counsel Harold Tin, senior associate Sheryl Cheung and associate Michelle Tsang.