Clifford Chance

Clifford Chance advises on Leong Hup International's US$247 million IPO, the largest offering in Malaysia in two years

Leading international law firm Clifford Chance has advised Malaysia-based poultry producer Leong Hup International Berhad (LHI) and its selling shareholders on LHI's RM1.03 billion (US$247 million) initial public offering (IPO) on Bursa Malaysia, the country's largest offering in almost two years. The firm advised on US and English law, and Albar & Partners and Enolil Loo advised LHI on Malaysian law.

LHI is one of the largest integrated poultry, egg and livestock feed producers in Southeast Asia, with businesses in Malaysia, Singapore, Indonesia, Vietnam and the Philippines. Clifford Chance also acted for the selling shareholders of LHI, which included the founding family shareholders and the investment vehicle of private equity firm Affinity Equity Partners.

Partners Johannes Juette and Raymond Tong led the deal, with support from senior associates Ee Nian Lim and Jonathan Crandall, and associates Claire Neo and Stephanie Juwita Liman in Singapore and Rory Scott in London.

Johannes said, "We are honoured to have been involved in this successful IPO and milestone for LHI, demonstrating our continued commitment to the Malaysian market and our depth of experience in advising our clients on their expansion plans across Southeast Asia's growing economies."

Clifford Chance has a track record of advising on some of Malaysia's biggest and most significant IPOs, including Lotte Chemical Titan Holding's US$878 million IPO and Eco World International's US$580 million IPO.