Clifford Chance advises leading auto chip maker Black Sesame on its Chapter 18C listing in Hong Kong
8 August 2024
- Liu Fang, Virginia Lee, Janet Fok, Haoze Zheng, Tao Yang, Jason Ng, Elaine Lau, , Xavier Chan
- Hong Kong
Clifford Chance advises leading auto chip maker Black Sesame on its Chapter 18C listing in Hong Kong
Global law firm Clifford Chance has advised Black Sesame International Holding Limited (Black Sesame) on its initial public offering and Chapter 18C listing on the Main Board of the Hong Kong Stock Exchange.
A leading provider of automotive-grade system-on-chips (SoC) in China which enable advanced intelligent vehicle functionalities centred around autonomous driving, Black Sesame is the first Commercial Company to list under the Exchange's Chapter 18C listing regime for Specialist Technology Companies, and the first semiconductor company to do so. It was also the inaugural applicant when the Exchange launched Chapter 18C in 2023.
Partner Fang Liu said, "We are proud to have advised Black Sesame on their Chapter 18C listing as the issuer's counsel. This is another landmark transaction which demonstrates our team's strong capabilities in assisting hard tech companies specialising in areas including semiconductors, AI, intelligent vehicles and new energy. This shows that Hong Kong's Chapter 18C listing regime for Specialist Technology Companies is facilitating high-tech investments, and is a testament to the major technological and commercialisation strides made by autonomous driving firms in recent years."
Fang co-led the transaction with partner Virginia Lee, with support from counsel Janet Fok, senior associates Haoze Zheng and Tao Yang, and associates Jason Ng, Ashley Sun, Elaine Lau, Sabrina Leung and Xavier Chan.
Clifford Chance regularly advises on major transactions enabling the growth of innovative technology companies in China, such as the IPOs of Chenqi Technology, RoboSense, Leapmotor, SenseTime and AInnovation.
高伟绅助力领先智能汽车芯片公司黑芝麻智能香港18C章上市
国际律师事务所高伟绅就黑芝麻智能国际控股有限公司(“黑芝麻智能”)首次公开募股并在香港交易所主板据第18C章挂牌上市提供法律服务。
黑芝麻智能是中国领先的车规级智能汽车驾驶系统级芯片(SoC)公司,实现以自动驾驶为核心的先进智能汽车功能。其是首家根据联交所《上市规则》第18C章“特专科技公司”制度申请上市的企业,也是该制度下完成上市的首家“已商业化公司”及首家半导体企业。
合伙人方刘表示,我们很荣幸作为公司律师协助黑芝麻智能第18C章上市。这一里程碑交易再一次彰显了我们团队服务半导体、人工智能、智能汽车及新能源领域硬科技公司的强劲实力。此交易反映香港针对“特专科技公司”推出的新18C章上市制度对高科技投资的促进,亦凸显自动驾驶企业近年来在技术和商业化方面取得的重大进展。
本项目由合伙人方刘和李婉雯共同牵头,霍邓敏蔚、郑镐泽、 杨弢、吴子轩、孙沛遥、刘彦铃、梁颖埼和陈嘉胜等协助。
高伟绅经常就促进中国创新技术企业发展的重大交易提供法律服务,包括如祺出行、速腾聚创、零跑汽车、商汤科技、创新奇智等香港上市。