雅士利国际控股近日在香港联合交易所主板正式挂牌上市,通过此次首发共筹得3.48亿美元。
天元,奥睿和康德明律师事务所为雅士利的发行人法律顾问, 而承销商则由竞天公诚和高伟绅担任代表律师。
Yashili International Hong Kong IPO | US$348m | |
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Synopsis Yashili International launches IPO on the Hong Kong Stock Exchange |
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Firm | Client | Role |
Tian Yuan |
Issuer | PRC counsel |
Orrick [Lead partners: Edwin Luk and Allen Shyu] | Issuer | Hong Kong counsel |
Conyers Dill & Pearman | Issuer | Offshore counsel |
Clifford Chance | Underwriters* | Hong Kong counsel |
Jingtian & Gongcheng | Underwriters* | PRC counsel |
Yashili International Holdings’ latest business venture indicates the recovery of the Chinese infant-formula market since the 2008 Sanlu scandal, which resulted in the death of six babies and caused sickness in thousands.
Yashili, the third-largest (by sales) Chinese infant-formula maker, has recently launched its US$348m IPO on the Hong Kong Stock Exchange (HKSE). The US’s Carlyle Group partly owns Yashili and Tian Yuan is their long term advisor. Last year, the firm advised the company on its stake sale to Carlyle, which was advised by Han Yi.
Yashili was among 22 PRC baby formula companies out of 109 to fail the government test for tainted milk two years ago. Carlyle Group, which took over 17% of Yashili’s stake, has been working closely with the company on quality control and compliance issues. ALB
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