Zhong Lun Advises on PE Financing and HK IPO of China First Chemical
Zhong Lun Advises on PE Financing and HK IPO of China First Chemical
On December 9, 2011, China First Chemical Holdings Limited (02121.HK), a leading specialty chemical provider based in China, was successfully listed on the Main Board of Hong Kong Stock Exchange with the total offering of HK$540 million. Morgan Stanley acted as the sole sponsor as well as the joint lead manager together with CCB International, and Zhong Lun Law Firm acted as the issuer’s PRC legal counsel. The legal team from Zhong Lun for the IPO was led by Anthony Zhao, and included William Jia, John Shen, Fang Kun and Raphael Liu.
In February 2010, Zhong Lun represented China Renaissance Capital Investment (CRCI) in connection with its US$40 million private equity investment in China First Chemical, and provided cross-border legal services to CRCI. The Zhong Lun team for the investment was led by Anthony Zhao, and included Luke Zhang, John Shen, Fang Kun and Raphael Liu. Subsequently the Zhong Lun team had assisted China First Chemical in preparing for this IPO.