This press release just in from Cayman Islands registered law firm Conyers Dill & Pearman…..
They write……….
Cayman Islands law firm Conyers Dill & Pearman (“Conyers”) advised on the US$1.3bn China Zhongwang Holdings Limited IPO offering of 140 million shares which listed on the Hong Kong Stock Exchange earlier this month. The IPO is the largest undertaken in the world in this year to date.
Conyers provided advice to China Zhongwang Holdings Limited on the Cayman Islands and British Virgin Islands law elements of its listing. Richard Hall of Conyers’ Hong Kong office advised on the deal, in association with lawyers from Richards Butler and Reed Smith LLP, Hong Kong.
Latham & Watkins and Morrison & Foerster acted as Hong Kong and US counsel to the joint legal coordinators and bookrunners UBS, JP Morgan and CITIC Securities Corporate Finance (Hong Kong) Limited. Commerce & Finance and Jingtian advised on PRC law.
Richard Hall, commented, “We have seen fewer IPOs in the current uncertain market conditions. This is the first billion dollar IPO in eight months. The transaction is significant both due to the size of the listing and because it may spark the resurgence of further Asian listings.”
China Zhongwang Holdings is a manufacturer of aluminium products in the People’s Republic of China.
