Clifford Chance

Clifford Chance advises Conch Enviro on its Hong Kong Listing By Way of Introduction

Leading international law firm Clifford Chance has advised China Conch Environment Protection Holdings Limited (Conch Enviro) on its spin-off and listing by way of introduction on the Main Board of the Hong Kong Stock Exchange. The introduction was implemented through a distribution in specie by its parent company, China Conch Venture Holdings Limited, a company listed on the Main Board of the Hong Kong Stock Exchange, of all shares of Conch Enviro to shareholders of its parent company in proportion to their respective shareholding.

Partners Tianning Xiang and Fang Liu co-led the deal, with support from a team in Shanghai and Hong Kong including counsel Lorna Lyu, senior associate Xuemei Wang, associate Shiyuan Pei, registered foreign lawyer Emma Bao and transaction support officers Wanetta Wang and Limeizi Xu.

Tianning said, "We are honoured to have advised Conch Enviro on its successful spin-off and listing in Hong Kong. The technical complexity presented by this transaction highlights our market-leading expertise across all aspetal protection and sustainability in the industrials sector.cts of the capital markets. We look forward to Conch Enviro's growth as it charts a new path in environmen"

Conch Enviro is a leading player in the eco-friendly and cost-efficient treatment of industrial solid and hazardous waste in China. The company is China's largest cement kiln waste treatment service provider in terms of revenue in 2020.

Clifford Chance also recently advised Huaxin Cement on its Hong Kong listing by way of introduction, the first Shanghai-listed company to convert its B shares into H shares.