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Clifford Chance advises Huaxin Cement on its Hong Kong Listing By Way of Introduction

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28 March 2022

Clifford Chance advises Huaxin Cement on its Hong Kong Listing By Way of Introduction

Leading international law firm Clifford Chance has advised Huaxin Cement Co., Ltd. on its B to H Share listing by way of introduction on the mainboard of the Hong Kong Stock Exchange. Prior to the transaction, Huaxin Cement is a company with its A and B Shares listed on the Shanghai Stock Exchange. Upon completion of the transaction, the B Shares of the company were delisted and subsequently listed in Hong Kong as H Shares by way of introduction, becoming a dual-listed company. This is the first Shanghai listed company to convert its B shares into H shares.

The Greater China team was jointly led by partners Virginia Lee and Jean Thio. They were supported by counsel Lorna Lyu, senior associate Qingyu Wu, associates Joy Chen, Jiwen Peng, Ryan Ho, trainee Ashley Sun and transaction supporting officer Evelyne Zhu.

Virginia commented, "We were delighted to support Huaxin Cement on its successful listing on the Hong Kong Stock Exchange – the first of its kind from the Shanghai listed companies. Our team is consistently able to deliver integrated corporate expertise in advising complex capital markets transactions. We look forward to seeing the company continue its success in making a substantive impact to its industry and the capital markets."

Huaxin Cement is a leading Chinese building materials manufacturer specialised in the production and sales of cement, clinker, concrete and aggregate. With over 250 branches and subsidiaries operating in the PRC and overseas, Huaxin Cement is also involved in business of environmental protection, equipment manufacturing, EPC engineering and cement-based new building materials.

高伟绅助力华新水泥以介绍方式在香港上市

国际领先律师事务所高伟绅就华新水泥股份有限公司(“华新水泥”)“B股转H股”交易并以介绍方式在香港联交所主板上市提供法律服务。交易前,华新水泥是一家“A+B”股沪市上市公司。交易完成后,华新水泥B股终止上市,随后其H股以介绍方式在香港上市,成为沪港两地上市公司。华新水泥是沪市首单“B转H”的上市公司。

高伟绅大中华区团队由合伙人李婉雯和张珮真律师共同领导,吕娜、吴擎宇、陈嘉烨、彭霁雯、何宗阳、孙沛遥和朱娱亲等律师提供支持。

李婉雯律师表示:“我们很荣幸协助华新水泥在香港联交所成功上市,完成沪市首单‘B转H’上市交易。高伟绅大中华区上市业务团队具备全面的业务能力,能够为复杂的资本市场交易提供综合法律服务。我们期待华新水泥能继续对行业和资本市场发挥重大影响。”

华新水泥是中国领先的建筑材料制造企业,拥有水泥、熟料、混凝土和骨料的生产和销售业务。华新水泥在国内外拥有250多家分公司和子公司,还涉足环保处置、装备制造及EPC 工程、高新建材等业务。