Baker McKenzie has advised Horizon Construction Development Limited ("Horizon Construction Development") on the approximately HKD 1.65 billion global offering and listing of its shares on the Main Board of the Hong Kong Stock Exchange, which commence trading today.
Horizon Construction Development is one of the leading equipment operation service providers in China, with comprehensive equipment offerings and strong service capacities, providing comprehensive and multi-dimensional services covering the full cycle of projects.
The Baker McKenzie team was led by Partner Wang Hang of Beijing Office, Han Bing and Stella Hu of the International Capital Markets Practice of FenXun Partners. They were assisted by Associates Xiaoyang Hu, Phoebe Wang, Helen Liu and Crystal Min in Shanghai, Liuyang Yu in Beijing and Benjamin Cheung in Hong Kong. FenXun is Baker McKenzie's joint operation platform partner in China.
Commenting on the deal, Wang Hang, co-chair of Baker McKenzie's China Capital Markets Practice said: "Horizon Construction Development is the first comprehensive equipment operation service provider listed in Hong Kong, with distinct strengths in both scale and growth. This IPO is an important milestone achievement for Far East Horizon, Horizon Construction Development's Hong Kong listed parent, in the implementation of its development strategy of “finance + industry”, which will perfectly position Horizon Construction Development to pursue its growth strategy."
Mr. Wang continued, "We are extremely honored to have provided legal services to Horizon Construction Development, a high-quality enterprise with stable operations and sustainable growth. We are very pleased to have been able to play a part in our client's strategic growth story, and assist them in closing this significant transaction, leveraging our deep knowledge and experience in cross-border capital raising deals."
Huatai Financial Holdings (Hong Kong) Limited, Citigroup Global Markets Asia Limited, CMB International Capital Limited and DBS Asia Capital Limited acted as the joint sponsors, overall coordinators and joint global coordinators in the transaction. Huatai Financial Holdings (Hong Kong) Limited, Citigroup Global Markets Asia Limited (in relation to the Hong Kong Public Offering), Citigroup Global Markets Limited (in relation to the International Offering), CMB International Capital Limited, DBS Asia Capital Limited, BOCI Asia Limited, Shenwan Hongyuan Securities (H.K.) Limited, Guotai Junan Securities (Hong Kong) Limited, BOCOM International Securities Limited, CCB International Capital Limited, ABCI Capital Limited and Zhongtai International Securities Limited acted as the joint bookrunners.
Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world's leading financial institutions and multinational companies. The Firm regularly advises target companies, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, as well as issuers on their proposed listing and fundraising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is able to guide clients through all stages of the process, providing valuable insights on regulatory developments that could impact the value and feasibility of cross-border transactions, as well as on ongoing compliance issues. The team also assists listed companies in the restructuring of shareholdings, use of stock as consideration, and block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fundraising under different schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.
Horizon Construction Development is one of the leading equipment operation service providers in China, with comprehensive equipment offerings and strong service capacities, providing comprehensive and multi-dimensional services covering the full cycle of projects.
The Baker McKenzie team was led by Partner Wang Hang of Beijing Office, Han Bing and Stella Hu of the International Capital Markets Practice of FenXun Partners. They were assisted by Associates Xiaoyang Hu, Phoebe Wang, Helen Liu and Crystal Min in Shanghai, Liuyang Yu in Beijing and Benjamin Cheung in Hong Kong. FenXun is Baker McKenzie's joint operation platform partner in China.
Commenting on the deal, Wang Hang, co-chair of Baker McKenzie's China Capital Markets Practice said: "Horizon Construction Development is the first comprehensive equipment operation service provider listed in Hong Kong, with distinct strengths in both scale and growth. This IPO is an important milestone achievement for Far East Horizon, Horizon Construction Development's Hong Kong listed parent, in the implementation of its development strategy of “finance + industry”, which will perfectly position Horizon Construction Development to pursue its growth strategy."
Mr. Wang continued, "We are extremely honored to have provided legal services to Horizon Construction Development, a high-quality enterprise with stable operations and sustainable growth. We are very pleased to have been able to play a part in our client's strategic growth story, and assist them in closing this significant transaction, leveraging our deep knowledge and experience in cross-border capital raising deals."
Huatai Financial Holdings (Hong Kong) Limited, Citigroup Global Markets Asia Limited, CMB International Capital Limited and DBS Asia Capital Limited acted as the joint sponsors, overall coordinators and joint global coordinators in the transaction. Huatai Financial Holdings (Hong Kong) Limited, Citigroup Global Markets Asia Limited (in relation to the Hong Kong Public Offering), Citigroup Global Markets Limited (in relation to the International Offering), CMB International Capital Limited, DBS Asia Capital Limited, BOCI Asia Limited, Shenwan Hongyuan Securities (H.K.) Limited, Guotai Junan Securities (Hong Kong) Limited, BOCOM International Securities Limited, CCB International Capital Limited, ABCI Capital Limited and Zhongtai International Securities Limited acted as the joint bookrunners.
Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world's leading financial institutions and multinational companies. The Firm regularly advises target companies, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, as well as issuers on their proposed listing and fundraising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is able to guide clients through all stages of the process, providing valuable insights on regulatory developments that could impact the value and feasibility of cross-border transactions, as well as on ongoing compliance issues. The team also assists listed companies in the restructuring of shareholdings, use of stock as consideration, and block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fundraising under different schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.
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