Clifford Chance advises Conch Enviro on its Hong Kong Listing By Way of Introduction
30 March 2022
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.
高伟绅助力海螺环保以介绍方式在香港上市
国际领先律师事务所高伟绅就中国海螺环保控股有限公司(“海螺环保”)分拆并以介绍方式在香港联交所主板上市提供法律服务。本项目通过海螺环保在香港联交所主板上市的母公司中国海螺创业控股有限公司(“海螺创业”)按其持股比例向海螺创业的既有股东以实物股息分派海螺环保100%股份的方式进行。
本交易由合伙人向天宁和方刘共同领导,上海及香港的律师团队提供支持,其中主要包括吕娜、王雪梅、裴诗源、包宸、王梦梦及徐李美子。
向天宁律师表示:“我们很荣幸协助海螺环保成功分拆并于香港上市,本交易在技术方面的复杂程度彰显了高伟绅团队在资本市场各个领域的一流业务能力。我们期待海螺环保在工业领域中开辟的环境保护和可持续发展道路上实现持续增长。”
海螺环保是中国领先的提供工业固危废处置的节能环保型企业。根据2020年营业额计算,该企业是中国最大的水泥窑协同处置服务供应商。
高伟绅近期还为华新水泥以介绍方式在香港上市提供法律服务,凭借该交易,华新水泥成为沪市首单“B转H”的上市公司。