华夏银行近期向首钢总公司、国网资产管理有限公司和德意志银行卢森堡股份有限公司总计定向增发18.59亿股。

此次增发完成后,首钢如愿重夺第一大股东的定位,持股比例由13.98%上升至20.28%,德银的全资子公司德银卢森堡持股比例由2.42%上升至9.28%,德银直接和间接持有华夏银行的股权由17.12%上升至19.99%,逼近外资持股中资银行20%的监管上限。

华夏由共和律师事务所提供法律服务而首钢则由富而德作为代表律所。

Hua Xia is one of the latest Chinese lenders to announce fundraising plans, after rivals including Bank of China and China Construction Bank unveiled schemes to raise tens of billions of dollars to replenish capital after opening their lending books last year.

Hua Xia is looking to raise US$3bn through share placements; its selected institutional investors include steel mill Shougang Corp, State Grid and Deutsche Bank.

After the share placement, pending respective approvals, Shougang would become Hua Xia’s biggest shareholder, with a 20.28% stake, replacing Deutsche Bank which would have a 19.99% stake, the maximum stake a foreign company can own in a Chinese bank.

Hua Xia was advised by the Beijing-based Concord & Partners, which has 26 partners and 40 lawyers across offices in Beijing, Shanghai and Shenzhen. Shougang was represented by Freshfields.

In December last year, Shougang acquired Delphi Corp’s global suspension and brakes business. That time it was advised by its long-term legal advisor Vinson & Elkins and a long list of international advisors including Hunt & Hunt, Arnecke Siebold, CT Chan & Co, Hastings & Co, Luthra & Luthra, Squire Sanders and Taiwan Commercial Law Offices.