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Clifford Chance

Clifford Chance
News and awards

News and awards

Clifford Chance advises CLSA on US$1.77 billion rights issue for China Zheshang Bank

4 August 2023

Clifford Chance advises CLSA on US$1.77 billion rights issue for China Zheshang Bank

Leading international law firm Clifford Chance has advised CLSA Ltd. on its underwriting of A shares rights issue and H shares rights issue of China Zheshang Bank Co., Ltd, with proceeds amounting to US$1.77 billion (HK$13.8 billion).

China Co-Managing Partner Tim Wang who led on the deal said, “We are proud to advise CLSA on its rights issue for China Zheshang Bank, highlighting our role on the most complex and significant equity capital markets transactions in the region.”

Tim was supported by partner Virginia Lee (Hong Kong), Jing Jing (Beijing), Jingyi Zhang (Beijing) and Xinyi Hu (Beijing). Partner Jean Thio (Singapore) and Yuanjing Chen (Shanghai) provided support on U.S. law.

CLSA provides global corporate and institutional clients with corporate finance and capital markets, asset management, wealth management and securities services.

Hangzhou-headquartered China Zheshang Bank is one of the twelve nationwide joint-stock commercial banks. It intends to use the proceeds to replenish its core tier-one capital.
 

高伟绅助力浙商银行17.7亿美元配股发行

国际领先律师事务所高伟绅就浙商银行股份有限公司(“浙商银行”)17.7亿美元(138亿港元)的A股配股和H股配股,担任承销商中信里昂证券的国际法律顾问。

本项目负责合伙人高伟绅中国区联席管理合伙人王彦峰表示:我们非常高兴能够在浙商银行的配股交易中为中信里昂证券提供法律服务,本次交易显示了高伟绅为本地区最复杂且重大的股权资本市场交易提供法律服务的领先业务能力。

本交易由合伙人李婉雯以及团队成员经晶、张静怡和胡心怡提供支持,合伙人张珮真和团队成员陈元婧就本项目美国法方面提供支持。

中信里昂证券为全球各类企业和机构客户提供公司融资和资本市场、资产管理、财富管理和证券方面的服务。

浙商银行是十二家全国性股份制商业银行之一,总部设在杭州。本次募集资金拟用于补充其核心一级资本。