C&F, Paul Hastings, Haiwen, CC on 2020’s first PRC bank IPO in HK
Paul Hastings and Commerce & Finance Law Offices have advised China Bohai Bank on its $1.78 billion initial public offering in Hong Kong, with Clifford Chance and Haiwen & Partners advising the joint sponsors.
Established in 2005 in Tianjin, Bohai Bank is the youngest nationwide joint-stock commercial bank in China. It was the first PRC bank to be publicly listed in 2020 and the deal is the biggest listing by a Chinese bank on the Hong Kong bourse in the past five years.
CCB International, Haitong International Securities, ABC International and CLSA were joint sponsors in the deal.
The Paul Hastings’ team was led by partners Raymond Li, Neil Torpey, Vincent Wang and Fan Chaobo;
The Haiwen team was led by partners Zhang Jiping, Lan Jie and Du Ning, meanwhile the CC team was led by China co-managing partner Tim Wang, together with partners Jean Thio and Xiang Tianning.
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