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China CITIC Bank A and H-share rights issue

US$4,000.00 m
  • Entry date - Monday, 19 September 2011
  • Jurisdiction - China
  • Practice - Equity Market
  • China CITIC Bank A and H-share rights issue

  • Firm
    Freshfields Bruckhaus Deringer
  • Client
    China CITIC Bank
  • Lead Lawyers
    Calvin Lai
  • Role
    HK/US counsel to issuer
  • Firm
    King & Wood
  • Client
    China CITIC Bank
  • Lead Lawyers
    Yang Xiaolei, Yimin Gao
  • Role
    PRC counsel to issuer
  • Firm
    Morrison & Foerster
  • Client
    CICC and CITIC Securities
  • Lead Lawyers
    Charles Chau, Ven Tan
  • Role
    HK/US counsel to joint H-share underwriters


DEAL SUMMARY
·         $4 billion transaction involved the dual issuances of A and H-share rights by China CITIC Bank

·         Difficult market conditions called for a high level of legal acumen and extensive capital markets knowledge

·         Freshfields have a longstanding relationship with CITIC Bank and advised on their $5.4 billion IPO in 2007


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