Huaxin Cement Co., Ltd.’s Hong Kong Listing By Way of Introduction

Clifford Chance advised Huaxin Cement Co., Ltd., and Fangda advised Shenwan Hongyuan Capital (H.K.) Limited.

Huaxin Cement Co., Ltd. announced its B to H Share listing by way of introduction on the mainboard of the Hong Kong Stock Exchange. Prior to the transaction, Huaxin Cement is a company with its A and B Shares listed on the Shanghai Stock Exchange. Upon completion of the transaction, the B Shares of the company were delisted and subsequently listed in Hong Kong as H Shares by way of introduction, becoming a dual-listed company. This is the first Shanghai listed company to convert its B shares into H shares.

Huaxin Cement is a leading Chinese building materials manufacturer specialised in the production and sales of cement, clinker, concrete and aggregate. With over 250 branches and subsidiaries operating in the PRC and overseas, Huaxin Cement is also involved in business of environmental protection, equipment manufacturing, EPC engineering and cement-based new building materials.

The Greater China team was jointly led by partners Virginia Lee (Picture) and Jean Thio. They were supported by counsel Lorna Lyu, senior associate Qingyu Wu, associates Joy Chen, Jiwen Peng, Ryan Ho, trainee Ashley Sun and transaction supporting officer Evelyne Zhu.

The Fangda team was led by partners Peter Chen and Arman Lie, and the team members comprised Jonathan Wallenberger, Brian Kwok, Tracy Ho, Loy Chen, Lizzie Cheong, Jennifer Chen, Ivy Chung, Andrew Chan, Lizzie Cheong and John Cheung.

Involved fees earner: Joy Chen – Clifford Chance; Ryan Ho – Clifford Chance; Virginia Lee – Clifford Chance; Lorna Lyu – Clifford Chance; Jiwen Peng – Clifford Chance; Jean Thio – Clifford Chance; Qingyu Wu – Clifford Chance; Andrew Chan – Fangda Partners; Peter Chen – Fangda Partners; Loy Chen – Fangda Partners; Jennifer Chen – Fangda Partners; Lizzie Cheong – Fangda Partners; John Cheung – Fangda Partners; Ivy Chung – Fangda Partners; Tracy Ho – Fangda Partners; Brian Kwok – Fangda Partners; Arman Lie – Fangda Partners; Jonathan Wallenberger – Fangda Partners;

Law Firms: Clifford Chance; Fangda Partners;

Clients: Huaxin Cement ; Shenwan Hongyuan Capital (H.K.) Limited ;

Giulia Di Palma

Author: Giulia Di Palma