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Zhong Lun Advises on the First D-Share Offering by Qingdao Haier

Release time：2018-10-24 Voice Announcements

On October 24, 2018, Qingdao Haier Co., Ltd. (SHA: 600690), a top Chinese household appliance producer already listed in Shanghai (A-Shares), announced its successful public offering and listing of D-Shares on the China Europe International Exchange AG (CEINEX) D-Share Market through admission to trading on the regulated market segment of the Frankfurt Stock Exchange and, simultaneously, on the sub-segment of the regulated market with additional post-admission obligations (Prime Standard). Assuming the full exercise of the greenshoe option, the total gross proceeds of approximately EUR 320 million will be raised from this offering.

In this offering, Deutsche Bank acted as the sole global coordinator, and together with CICC, JP Morgan and UBS, as joint bookrunners. Zhong Lun Law Firm acted as the PRC legal counsel to the joint bookrunners and underwriters. The legal team from Zhong Lun was led by Anthony Zhao, Zhoujun Tang and William Jia, with the support from Chi Yu; other core members of the team included Jingli Mu, Chelsea Li, Chao Zhong, Yue Yu and Sid Ping, etc.

Qingdao Haier is the first company listed in the CEINEX D-Share Market. CEINEX is the joint venture established in 2015 between Shanghai Stock Exchange, Deutsche Börse AG and China Financial Futures Exchange, as the outcome of the First China-Germany High-Level Financial Dialogue.

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Zhong Lun Advises on the First D-Share Offering by Qingdao Haier