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China – Baker & McKenzie Advises Innolux On SEC-Registered Sale Of Shares In Himax.

28 June, 2013

 

Baker & McKenzie recently acted as United States and Republic of China counsel to Innolux Corporation (“Innolux”), a Taiwan-listed TFT-LCD total solution manufacturer, and its subsidiary Leadtek Global Group Limited, on the sale of 25,399,753 American Depositary Shares (“ADSs”), representing 50,799,506 ordinary shares (which include ADSs sold pursuant to the exercise of the over-allotment option by the underwriters), of Himax Technologies, Inc. (“Himax”), a Nasdaq-listed fabless manufacturer of advanced display drivers and imaging solutions. The total proceeds of the offering was approximately US$133 million. The offer and sale was registered with the U.S. Securities and Exchange Commission.


The multi-jurisdictional Baker & McKenzie team was led by Alex Chiang, Taipei-based corporate & securities partner, and Brian Spires, Hong Kong-based US securities partner. The team also included corporate & securities partner James Hsiao and corporate consultant Jennifer Chen in Taipei, as well as registered foreign lawyers Christopher Shen and Lin Zhan, who are members of the Asia-Pacific US securities team based in Hong Kong.


Citigroup Global Markets Inc. acted as global coordinator for the offering and Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Chardan Capital Markets, LLC and Credit Suisse Securities(USA) LLC acted as joint bookrunners for the offering. Oppenheimer & Co. Inc., Rosenblatt Securities Inc. and Craig-Hallum Capital Group LLC acted as co-managers of the offering.

 

Other advisers that acted on the deal:


The underwriters were represented by Shearman & Sterling as to US law and Lee & Li as to ROC law. The Company was represented by Davis Polk & Wardwell as to US law and Baker & McKenzie Taipei as to ROC law. Conyers Dill & Pearman acted as Cayman Islands counsel to both the Selling Shareholders and the Company.  Bank of New York Mellon was the depositary bank and was represented by Emmet Marvin & Martin LLP. Royal Bank of Canada was the Cayman Register Agent and Yuanta Securities was the agent to RBC.

 

For further information, please contact:

 

Jamie Kar, Bake & McKenzie

jamie.kar@bakermckenzie.com

 

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