Baker McKenzie has advised Yangzhou Yangjie Electronic Technology Co., Ltd. ("Yangjie Electronic Technology") on the USD 215 million global offering of its global depositary receipts (GDR) and listing on the SIX Swiss Exchange (SIX).

Yangjie Electronic Technology is a leading power semiconductor company that integrates the R&D, manufacturing and sales of semiconductor devices, semiconductor chips and semiconductor silicon wafers. The company has been listed on the Shenzhen Stock Exchange since 2014.
The Baker McKenzie team, which provided US, English and Swiss law advice, was led by partners Wang Hang (Beijing) and Matthias Courvoisier (Zurich). They were assisted by a cross-office team of lawyers, including special counsel Rachel Wang (Hong Kong) and associates Daisy Chen (Hong Kong), Serena Shao (FenXun Partners, Beijing), Liuyang Yu (FenXun Partners, Beijing), Charlotte Cao (FenXun Partners, Shanghai), Benjamin Cheung (Hong Kong), Yves Mauchle (Zurich), Beau Visser (Zurich) and Jan Lusti (Zurich).

Commenting on the deal, Wang Hang, co-chair of Baker McKenzie's China Capital Markets Practice said: "We are honored to have been able to play a part in our client's strategic growth story and assist them in capitalizing on new fundraising opportunities in the market, leveraging our international network and expertise in GDR listings."

Dr. Matthias Courvoisier, head of the Capital Markets Practice in Switzerland, added: "This transaction is another great example of our strength in acting as a conduit linking our clients to capital markets across continents and borders for capital to support their future growth and expansion plan. SIX, with its less demanding audit requirements and fast and efficient listing process, will continue to be a highly desirable international fundraising platform."

Huatai Financial Holdings (Hong Kong) Limited acted as the sole global coordinator and joint bookrunner, and GF Securities (Hong Kong) Brokerage Limited, Guotai Junan Securities (Hong Kong) Limited and China Galaxy International Securities (Hong Kong) Co., Limited acted as joint bookrunners.

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, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, as well as 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 insights 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. Moreover, the team has extensive experience in advising clients on cross-border capital fundraising under different schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.
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