Skip to main content

Freshfields Bruckhaus Deringer, King & Wood Mallesons, Kirkland & Ellis and Haiwen & Partners have scored advisory roles on China Huarong Asset Management’s Hong Kong IPO.

The state-owned debt-clearing agency’s IPO, which is scheduled to begin trading on Oct. 30, seeks to raise $2.5 billion and could one of largest listings in Asia this year.

The IPO has already secured $1.62 billion in commitments from cornerstone investors. The 10 investors, which can only sell Huarong shares six months after the IPO, include property developer Sino-Ocean Land Holdings and State Grid Corp of China, which have pledged to purchase $684 million and $300 million worth of shares, respectively, according to a report from Thomson Reuters publication IFR.

Freshfields partners Calvin Lai and Teresa Ko are advising Huarong on Hong Kong and U.S. laws, while King & Wood Mallesons is in charge of aspects related to Chinese law. Kirkland & Ellis Hong Kong partners Dominic Tsun and Li-Chien Wong are representing the IPO’s underwriters on Hong Kong and U.S. laws, while Haiwen & Partners is handling matters concerning Chinese law.
 
Proceeds from the IPO will be used to develop Huarong’s distressed-assets management and investment business, according to the listing prospectus filed with the Hong Kong stock exchange.

Related Articles

A&O Shearman、高赢助力中国生物医药公司普米斯9.5亿美元并购交易(ZH/EN)

近日,A&O Shearman作为BioNTech的法律顾问,为其收购中国生物医药公司普米斯提供法律服务;高赢国际律师事务所则为普米斯提供法律意见。

汉坤、方达、竞天公诚、凯易助力科创板首单“A收H”交易(ZH/EN)

科创板上市公司亚信安全完成香港联交所主板上市公司亚信科技的控制权收购。汉坤律师事务所在交易中为买方提供中国法律服务;方达律师事务所、凯易国际律师事务所则担任卖方法律顾问;竞天公诚律师事务所担任融资方渤海银行的法律顾问。

方达、苏利文、奋迅·贝克麦坚时助力中印26亿美元钢铁领域合资交易(ZH/EN)

中国民营钢铁公司中国东方集团宣布将与世界第二大钢铁公司、印度安赛乐米塔尔合作,共同在中国设立两家合营企业。方达律师事务所、美国苏利文·克伦威尔律师事务所作为中国东方集团的律师参与交易;奋迅·贝克麦坚时为安赛乐米塔尔提供法律意见。