Jurisdiction - Hong Kong
Baker & McKenzie Advises On The Global Offering Of Chen Xing Development Holdings Limited.

3 July, 2015


Baker & McKenzie recently acted as legal advisor (covering both Hong Kong and US law) to ICBC International Capital Limited (“ICBCI“) as the sole sponsor, sole global coordinator and sole bookrunner, as well as the Underwriters on the approximately HKD 300m global offering of Chen Xing Development Holdings Limited, a property developers in Shanxi Province (“Chen Xing“).  The shares of Chen Xing commenced trading on The Stock Exchange of Hong Kong Limited on 3 July 2015.  The net proceeds from the global offering will be mainly used to finance the development of Phase 1 of Longtian Project in Jinzhong, Shanxi Province and for working capital and other general corporate purposes.


The Baker & McKenzie team advising ICBCI was led by Beijing-based capital markets partner Jackie Lo and Shanghai-based capital markets partner Lance Chen. The team had lead responsibility for underwriting documentation, securities and regulatory issues, communication with the regulators and general transaction management.


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