MoFo News Item

MoFo Advises Underwriters of Prinx Chengshan’s IPO

24 Sep 2018

Morrison & Foerster represented the sole sponsor, BOCI Asia Limited, the sole global coordinator, Guotai Junan Securities (Hong Kong) Limited, and the other underwriters in relation to Prinx Chengshan (Cayman) Holding Limited’s HK$904.5 million IPO (assuming an offer price of HK$6.70 per share, being the mid-point of the price range) on the Hong Kong Stock Exchange.

The Hong Kong public offering commences on September 24, 2018 and closes at 12 p.m. HKT on September 28. The allotment result is expected to be announced on October 8. Dealing in Prinx Chengshan’s shares on the Main Board of the Hong Kong Stock Exchange is expected to commence at 9 a.m. HKT on October 9.

Prinx Chengshan is a leading domestic tire manufacturer in the PRC Commercial All Steel Radial Tires replacement market and a major domestic tire manufacturer in China.

The MoFo team was led by Hong Kong Corporate partner Vivian Yiu and included Hong Kong Corporate of Counsel Yu Wang, associate Jimmy Jin, associate Victoria Yip, and China legal assistant Oliver He.

 

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