6 October 2011
Clifford Chance advises China Hanking on its listing on the Hong Kong Stock Exchange
Leading international law firm Clifford Chance has advised China Hanking Holdings Limited on its US$148 million listing on the main board of The Stock Exchange of Hong Kong (HKEX).
China Hanking is a major Mainland iron ore miner and producer with operations in sale of iron ore concentrates. Clifford Chance advised on the Hong Kong and US law aspects of the listing in addition to the pre-IPO financing.
This was a complex and unique transaction. As well as difficult market conditions, the team had to deal with the pre-IPO financing issue under the newly promulgated HKEX rules.
Beijing partner Tim Wang, who led the transaction, said, "We are delighted to have worked with China Hanking on its successful listing, especially in such tough market conditions, including the facilitation of SAIF as a cornerstone investor, which played a critical role in the success of the listing."
Tim was assisted by Beijing counsel Jean Yu, associates Xiang Tianning, Wang Yuan and trainee Liu Dandan. Shanghai partner Jean Thio led the US law team, assisted by associate Shang Weihe. Beijing partner Maggie Lo advised on the pre-IPO financing, assisted by senior associate Jiang Niao and associate Zhuang Tiantian.