Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 21-02-2014 | Practice Area: | Equity Capital Markets |
| Deal Title: | China Metal Resources Utilization Limited HKSE IPO | Industry: | Industrial Metals and Mining |
| Description: |
Herbert Smith Freehills represented China Metal Resources Utilization Limited (CMRU) on its HK$698.8 million Hong Kong public offering and Regulation S global offering. The issuer's Hong Kong public offering was very significantly over-subscribed by 17.92 times. The issuer's shares commenced trading on the Hong Kong Stock Exchange on 21 February 2014.
The listing of CMRU represents one of the first few take-private Chinese companies to have re-listed some of its businesses in Hong Kong. CMRU was formerly part of Gushan Environmental Energy Ltd. when it was first listed on the New York Stock Exchange in 2007. The company was taken private in 2012.
The Herbert Smith Freehills team on the deal was led by Hong Kong corporate partner Jason Sung, who was supported by associates Elisa Leung and Jeremy Shen. Hong Kong-based U.S. securities law partner Kevin Roy advised on the U.S. law aspects of the listing, and was supported by consultant Cindy Kao and associate George Wu in Hong Kong.
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| Financial Center: | Hong Kong | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Herbert Smith Freehills |
| Issuer Jurisdiction- | China | Listing Jurisdiction- | Hong Kong |
| Classification: |
Initial Public Offerings Hong Kong Stock Exchange |
Lawyer | Jason Sung |
