Firm advises BNP and BOCOM as joint sponsors of the IPO
HONG KONG (July 14, 2011) – Morrison & Foerster recently advised BNP Paribas Capital (Asia Pacific) Limited (“BNP”) and BOCOM International (Asia) Limited as joint sponsors for Zall Development’s Hong Kong IPO, raising approximately US$195 million. Zall Development is a leading developer and operator of large-scale, consumer product-focused wholesale shopping malls in China.
The firm also recently advised Piper Jaffray as sole sponsor of Shanghai-based car parts supplier, Shuanghua Holdings Limited’s initial public offering and listing on the Hong Kong Stock Exchange. The IPO was successfully launched notwithstanding challenging market condition.
Morrison & Foerster’s Hong Kong Office Managing Partner Ven Tan led the transaction team.