HONG KONG (January 4, 2012) – Morrison & Foerster’s Hong Kong office completed three IPOs on the Hong Kong Stock Exchange during the last week of December.
“We are very excited to have completed three marquee IPOs in one week, despite the current market volatility,” Hong Kong office managing partner Ven Tan said.
“Our ability to execute multiple deals in such a short time frame is a testament to the experienced and highly-qualified lawyers we have at the firm,” corporate partner John Moore said.
The three deals are:
- Partners Charles Chau and John Moore represented China International Capital Corporation, UBS and Royal Bank of Scotland as joint bookrunners on a $300 million IPO of Guodian Technology and Environment Group Corporation Limited. Guodian is a subsidiary of Guodian Group, a Fortune Global 500 company and one of the largest power producers in China.
- Partners John Moore and Gregory Wang represented China Tianrui Cement on its $124 million Hong Kong IPO. Deutsche Bank, BOC International, BOCOM International and CCB International acted as joint lead managers. China Tianrui Cement is a leading clinker and cement producer.
- Partners Xiaohu Ma, John Moore and Charles Chau represented SPT Energy on its $70 million Hong Kong IPO. Morgan Stanley acted as the global sponsor. SPT Energy is one of the leading non-state-owned providers of oilfield services in China and is closely affiliated with CNPC, China’s largest state-owned oil and gas company.