Clifford Chance advises Circuit Fabology Microelectronics Equipment on its US$383 million IPO and listing in Hong Kong

Global law firm Clifford Chance has advised Circuit Fabology Microelectronics Equipment Co., Ltd. ("CMFEE") on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange, raising approximately HK$3 billion (US$383 million).

Partners Fang Liu and Virginia Lee co-led the transaction with support from Head of Capital Markets Lorna Lyu*, senior associates Yuhang Li and Meng Mao, associates Janssen Yang and Yvonne Zhu, trainee solicitors Yancy Hua, Cian Fang and Menglin Liang.

Listed on the Shanghai Stock Exchange in 2021, CMFEE engages in the research and development, production, sales and maintenance of direct imaging and direct-writing lithography equipment to customers worldwide, leveraging its established capabilities in the R&D of core high-precision micro-nano lithography technologies. Its commercialised products primarily include PCB (printed circuit board) direct imaging equipment and semiconductor direct-writing lithography equipment, covering applications across PCB, IC (integrated circuit) substrate, advanced packaging and mask-making applications. The company also provides comprehensive after-sales maintenance and support services for its products.

Clifford Chance has advised on the listings of companies across the semiconductor value chain, including the listings of Black Sesame, GigaDevice Semiconductor, Montage Technology, Axera Semiconductor, InnoScience, and Shenzhen Han's CNC Technology.

* From Shanghai He Ping Law Firm. Clifford Chance LLP and Shanghai He Ping Law Firm have established a Joint Operation in the China (Shanghai) Pilot Free Trade Zone under the name Clifford Chance LLP and Shanghai He Ping Law Firm (FTZ) Joint Operation Office with the approval of the Shanghai Bureau of Justice.

Media contact: Fenix Wong