The firms helped one of China’s largest banks list in Hong Kong
A trio of legal giants have advised in a transaction that saw one of China’s largest banks list on the Hong Kong Stock Exchange.
Clifford Chance and JunHe Law Firm advised Bank of Jiujiang on its HK$3.816bn (about $650m) IPO and listing in Hong Kong. Sidley Austin and Haiwen & Partners acted for the underwriters and joint sponsors of the transaction.
Partners Tim Wang, Amy Lo and Jean Thio led the Clifford Chance team. They were supported by consultants Tianning Xiang and Corey Zhang and senior associate Lawrence Zhang. Associates Janet Tang, Samson Chan, Aimee Yi, Vicky Zhen, as well as paralegal Aidan Yu, also worked on the deal.
“We are pleased to continue building on our expertise in advising Chinese companies in their outbound investment and listing. This IPO demonstrates our continued commitment to the banking sector,” said Wang, Clifford Chance’s joint managing partner in China.
The Sidley Austin team was led by partners Mengyu Lu and Kefei Li. They were assisted by associate Samantha Peng; China advisors Ting Wei, Bill Feng, and Rock Liu; and legal assistants Ying Bi and Junyi Li. Legal manager Kaiting Yang was also part of the Sidley Austin team.
Bank of Jiujiang is a major regional bank in China, ranking 66th among all commercial banks in the country in terms of tier-one capital as at the end of 2016.
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