Morrison & Foerster represented UBS Investment Bank, the lead underwriter in the US$100,000,000 initial public offering of American Depositary Shares in KongZhong Corporation (Nasdaq: KONG). KongZhong is located in Beijing and is the leading provider of advanced second-generation, or 2.5G, wireless interactive entertainment, media and community services, in terms of revenue, to customers of China Mobile Communications ("China Mobile") and its affiliates. China Mobile has the largest mobile subscriber base in the world. In addition to UBS Investment Bank, the team of underwriters included Banc of America Securities and CIBC World Markets. The transaction closed on July 14, 2004
Morrison & Foerster's China Group represented Linktone Ltd. in its US$86,000,000 global initial public offering and listing of American Depositary Shares (ADSs) on the Nasdaq. Linktone is a Shanghai-based provider of wireless services for mobile phone users in China. Lead underwriter on the offering was Credit Suisse First Boston, with J.P. Morgan, Piper Jaffray & Co. and CLSA Asia-Pacific Markets.
Morrison & Foerster represented Cathay Financial Holding Co., Ltd., one of Taiwan's largest financial services group, and the Cathay Life Insurance Co., Ltd. in a US$522,000,000 Rule 144A offering of Global Depositary Shares. J.P. Morgan Chase Bank was the global coordinator and bookrunner for the issue.
Morrison & Foerster represented DBS Asia Capital Limited, lead underwriter, in a HK$128,000,000 initial public offering of shares of common stock in Qin Jia Yuan Media Services Company Limited.
Morrison & Foerster represented Grand Investment (Securities) Limited, joint lead underwriter with First Asia Finance Group Limited, on the initial public offering and listing of shares of common stock in Grand Investment International Ltd., on the Hong Kong Stock Exchange.
Morrison & Foerster represented Lang Chao International Limited in its initial public offering of common stock on the Hong Kong Stock Exchange's Growth Enterprise Market. The team of underwriters included Tai Fook Securities Company Limited, CM-CSS Securities Limited, CAF Securities Company Limited, First Shanghai Securities Limited and Japan Asia Securities Limited.
Morrison & Foerster represented Shandong Weigao Group Medical Polymer Co. in its H shares offer and listing on the Hong Kong Stock Exchange's Growth Enterprise Market. Shandong Weigao Group Medical Polymer Co. is a manufacturer of single-use medical devices such as syringes and transfusion sets. The team of underwriters included Goldbond Securities Limited.