Venantius Tan, Yu Wang, and Alexandra Wei Gao
Corporate, Capital Markets | China, and China
MoFo News Item
Morrison & Foerster LLP represented Angang Steel Company Limited in its HK$1.85 Billion convertible bond offering on the Hong Kong Stock Exchange. The initial conversion price is HK$9.54 per H Share. The funds raised will be used for general corporate purposes. Citigroup Global Markets Limited acted as the sole global coordinator and bookrunner.
Angang Steel Company Limited is a PRC joint-stock limited company with a dual listing on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange with a market capitalization of over HK$50 billion. Angang Steel is under the direct supervision of the State Council of the People’s Republic of China. It is one of the top 10 steel producers in China and the largest vanadium producer in the world.
The MoFo team was led by Hong Kong Corporate partner Venantius Tan and included Hong Kong Corporate of counsel Yu Wang, Corporate of counsel Samuel Ng, and Shanghai Corporate associate Alexandra Wei Gao.
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