Clifford Chance

Clifford Chance advises China Minsheng Bank on share sale to raise US$1.44 billion

Leading international law firm Clifford Chance has advised China Minsheng Bank Corporation on its Hong Kong share sale of US$1.44 billion. With UBS and Haitong as the lead placing agents, 1.65 billion new H-shares at HK$6.79 apiece were issued and placed.   

Beijing partner Tim Wang who led the deal said, "We are delighted to have advised China Minsheng Bank on this important capital raising transaction and on the bank's successful Hong Kong listing. It reflects our strong capability to serve our mainland clients on their fund raising activities."

Tim was supported by partner Jean Thio and counsel Jean Yu, who were assisted by senior associate Eli Gao, associate YuFei Liao and trainee Marcus Chen.

Minsheng Bank, based in Beijing and founded in 1996, is China's first non-state lender.