coal
Cranes unload coal from a cargo ship at a port in Lianyungang, Jiangsu province, China December 8, 2018. Picture taken December 8, 2018. REUTERS

 

8月11日,内蒙古伊泰煤炭完成私有化交易,其H股正式自香港联交所退市,此次私有化交易的总对价约为港币57亿元。环球律师事务所、高伟绅律师事务所作为公司律师参与交易,凯易国际律师事务所则为交易的财务顾问中金公司提供法律意见。

据悉,本次交易是迄今交易金额最大的以回购要约方式完成H股私有化项目,也是首单B+H股上市公司H股私有化项目。

伊泰煤炭成立于1997年,是以煤炭生产、运输、销售为基础,集铁路与煤化工为一体的大型清洁能源企业,其于1997年在上海证券交易所B股上市,于2012年完成H股上市。

环球团队由刘劲容、祝芹牵头;

高伟绅团队中国区联席管理合伙人王彦峰,及香港办公室合伙人谭诗聪共同领导;

凯易团队则由香港公司业务部合伙人周荔尔牵头领导。

 

CC, Kirkland on Yitai Coal’s privatization deal

Inner Mongolia Yitai Coal Company has recently completed its privatisation deal and has officially delisted its H-shares from the Hong Kong Stock Exchange. The total consideration for this deal was approximately $729 million.

Global Law Office and Clifford Chance participated as company counsel in the transaction, while Kirkland & Ellis provided legal advice to the financial advisor, China International Capital Corporation (CICC), for the deal.

This transaction, which utilized a repurchase offer to complete the privatization of H-shares, is the largest of its kind in terms of transaction value and marks the first B+H-share dual-listed company privatization project.

Established in 1997, Yitai Coal is a large-scale energy enterprise focusing on coal production, transportation, sales, and integrating railways and coal chemicals. It was listed on the Shanghai Stock Exchange B-shares in 1997 and completed its H-share listing in 2012.

The Global team was led by Liu Jinrong and Zhu Qin;

The CC team was jointly led by China Co-Managing Partner Tim Wang and Hong Kong partner Tommy Tam;

The Kirkland team was led by Hong Kong corporate partner Joey Chau.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

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