Clifford Chance
Clifford Chance advises Shenzhen Senior Technology Material Co., Ltd. on its Swiss GDR offering and listing
19 December 2023
- Tim Wang, Jean Thio, Lorna Lyu, April Zhang, Christopher Roe, Anjaneya Das, Ines Teixeira
- Beijing, Hong Kong, Shanghai, Singapore, London
Clifford Chance advises Shenzhen Senior Technology Material Co., Ltd. on its Swiss GDR offering and listing
Global law firm Clifford Chance has advised Shenzhen Senior Technology Material Co., Ltd. (Senior Material) on its US$120 million offering and listing of global depository receipts (GDRs) on the SIX Swiss Exchange under the expanded China-Europe Stock Connect Scheme.
China Co-Managing Partner Tim Wang and partner Jean Thio jointly led the team with support from counsel Lorna Lyu, associates April Zhang, Cathy Qian and Edward Xie, legal specialists Enoch Zhuang, Menglin Liang, Nora Peng and Quinn Gao.
Partner Chris Roe, senior associate Anjaneya Das and associate Ines Teixeira in London, and associates Michael Cheng and Sarah Ku in Hong Kong advised on the English law aspects in connection with the depositary arrangements.
Tim said, "GDR listings remain a popular alternative fundraising avenue for Chinese issuers, particularly in the fast-growing EV battery sector. We are proud of the legal expertise and collaboration our teams have brought to advise Senior Material in its landmark listing."
Founded in 2003 and listed on the Shenzhen Stock Exchange in 2016, Senior Material is the first company in China to engage in the R&D and manufacturing of lithium-ion battery separators, and is today a global leader in the lithium battery separator industry.
The firm is the leading legal adviser on Swiss GDR listings, having advised on three pioneer Swiss GDR listings (Gotion High Tech, Gem Co and Ningbo Shanshan), Lepu Medical, Hangzhou GreatStar, Jiangsu Eastern Shenghong, Zhejiang Hangke Technology, Zhejiang Huayou Cobalt and more recently, Will Semiconductor.
高伟绅助力星源材质瑞交所GDR发行上市
国际律师事务所高伟绅就深圳市星源材质科技股份有限公司（以下简称“星源材质”）在拓展后的中欧资本市场互联互通机制下于瑞士证券交易所的1.2亿美元全球存托凭证（以下简称“GDR”）发行上市项目，担任国际法律顾问。
该项目由高伟绅中国区联席管理合伙人王彦峰律师和合伙人张珮真律师共同领导一支来自本所上海、香港和伦敦办公室的跨境团队完成。其中，吕娜、张文君、钱超、谢云峰、庄严、梁梦琳、彭诗晴和高嫣琨提供支持。
伦敦办公室合伙人Chris Roe和团队成员Anjaneya Das、Ines Teixeira，香港办公室成林和古昕就与托管安排相关的英国法事宜提供支持。
高伟绅中国区联席管理合伙人王彦峰律师表示：对于中国发行人、特别是在快速增长的电动汽车电池领域的发行人来说，GDR融资方式仍然是一种广受欢迎的融资渠道。我们很高兴能够凭借专业的法律知识和强大的律师团队助力星源材质的具有里程碑式意义的上市。
星源材质成立于2003年，2016年在深交所挂牌上市。该公司是中国第一家从事研发和制造锂电池隔膜的公司，如今已发展为全球锂电池隔膜行业领军企业。
高伟绅是瑞士GDR上市领域的领先法律顾问，曾就“中欧通”下包括国轩高科、格林美、杉杉股份、乐普医疗、巨星科技、东方盛虹、杭可科技、华友钴业和最近的韦尔股份的瑞士GDR发行上市提供法律服务。
