DLA Piper Advises First IPOS of 2009 in Hong Kong

Uk firm DLA Piper announced  Wednesday, January 14, it has advised on the first two IPOs listed on the mainboard of the Hong Kong Stock Exchange this year: Strong Petrochemical Holdings Limited ("Strong Petrochemical") on 12th January (HKSE: 852) and China Singyes Solar Technologies Holdings Limited ("Singyes") (HKSE: 750) on 13th January.

DLA Piper partners involved in these deals include Mabel Lui, Dr Liu Wei, Esther Leung and Jeffrey Mak.

The press release goes on to say:

Strong Petrochemical’s IPO, Hong Kong’s first in 2009, has successfully raised HK $250 million. DLA Piper advised the sponsor and underwriter of Strong Petrochemical, China Everbright Capital Limited. The deal was led by Esther Leung and the execution team included Eugene Choi, Richard Lee, Joyce Ma, Amanda Li and Douglas Lo, all from DLA Piper’s Hong Kong office.

Singyes’ IPO was over-subscribed by approximately 70 times despite a dampened environment for capital markets in recent months. DLA Piper advised Singyes in matters related to Hong Kong Law. The deal was led by Dr Liu Wei and Jeffrey Mak while other core team members included lawyers Emen Cheng, Damon Law and Kevin Hong from Hong Kong and Jessica Zhao in Shanghai. All were supported by DLA Piper’s corporate finance team led by Esther Leung in Hong Kong.

"This is an impressive beginning for 2009. The success of these two listings have helped revitalise the market and investors’ interest and confidence despite a slowdown in capital markets worldwide," said Dr Liu Wei, Head of DLA Piper’s China capital markets and managing partner of the Beijing office. "We have been working closely with our clients, across practices and across offices, in this difficult climate to support their needs. Esther, Jeffrey and the rest of the team have shown precisely the dedication, professionalism and collaboration in these two deals that our clients require during such challenging times."

Full Press Release At:  http://lawfuel.com/show-release.asp?ID=20470