Baker McKenzie has advised Orient Capital (Hong Kong) Limited as the sole financial adviser and Orient Securities (Hong Kong) Limited as the sole global coordinator, sole bookrunner and sole lead manager, in DFZQ's H share rights issue.
东方证券股份有限公司 is a joint stock company incorporated in the People's Republic of China and carrying on business in Hong Kong as 東方證券(in Chinese) and DFZQ (in English) (Stock code: 600958.SH and 3958.HK). It offers comprehensive one-stop professional integrated financial services comprising securities, futures, asset management, investment banking, investment consultancy and securities research.
The aggregate net proceeds raised under the A+H share rights issue amounted to approximately RMB 12.6 billion. Proceeds from the rights issue will be used to increase investment and promote development of the investment banking business, develop wealth management and securities financing businesses and promote the transformation of wealth management business, strengthen sales and trading business and forge the company into a financial service provider along the whole value chain, and also for other working capital arrangements.
The Baker McKenzie team was led by Partner Christina Lee, assisted by Special Counsel Brian Wong and Associate Xiaoyang Hu.
Commenting on the deal, Christina said, "We are very pleased to have assisted our client to successfully complete this large-scale A+H share rights issue. We look forward to continuing to bring our strong capital markets capabilities to the table and support our clients with their future transactional needs."Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world’s leading financial institutions and multinational companies. The Firm regularly advises target companies, offerers, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, and issuers on their proposed listing and fundraising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is able to guide clients through all stages of the process, providing valuable insight on regulatory developments that could impact the value and feasibility of cross-border transactions, as well as on ongoing compliance issues. The team also assists listed companies in the restructuring of shareholdings, use of stock as consideration, and block trades.