Baker McKenzie acted as the Hong Kong and US legal counsel to Shenzhen Zhaowei Machinery & Electronics Co., Ltd. (the “Company” or “Zhaowei”) in connection with its global offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited. The gross proceeds of the global offering is over HKD 1.9 billion based on the offer price of HKD 71.28 per H share for 26,748,300 H shares. Zhaowei’s H shares (stock code: 2692) commenced trading on the Hong Kong Stock Exchange today.
As an A share listed company on the Shenzhen Stock Exchange (A share stock code: 003021), Zhaowei’s successful listing in Hong Kong marks its entry into the group of “A+H” dual listed intelligent manufacturing leaders.
The offering attracted a total of 21 cornerstone investors, including HHLR Advisors, Ltd. (Hillhouse), Mirae Asset Securities (HK) Limited, Perseverance Asset Management International (Singapore) Pte. Ltd., and Oakwise Growth Fund.
Proceeds from the global offering will be primarily used to further strengthen the Company’s investment in technology research and development, expand production capacity, advance global business development and for other general corporate purposes.
The transaction was jointly led by Dan Ouyang, partner and co chair of Baker McKenzie’s Asia Pacific and China Capital Markets Practices, Baker McKenzie Capital Markets partner Winfield Lau and FenXun’s* International Capital Markets partners Ronnie Li and Zhenzhen Bao. The core deal team was supported by Haoqian Chen, Celia Li, Aileen Xu, Layla Du, Chenxi Yue, Kody Yan, Helen Zhang, Philip Chi and Derek Lee.
Commenting on the transaction, Dan Ouyang said: “We are delighted to have supported Zhaowei on this milestone Hong Kong listing. Zhaowei’s successful listing not only provides strong momentum for its global expansion strategy, but also offers a valuable reference for other A share listed companies pursuing A+H dual listings. We are proud to have served as Zhaowei’s legal partner and to have supported the Company in achieving this important milestone.”
*Baker McKenzie established a joint operation office with FenXun in China as Baker McKenzie FenXun, approved by the Shanghai Justice Bureau in 2015.
As an A share listed company on the Shenzhen Stock Exchange (A share stock code: 003021), Zhaowei’s successful listing in Hong Kong marks its entry into the group of “A+H” dual listed intelligent manufacturing leaders.
The offering attracted a total of 21 cornerstone investors, including HHLR Advisors, Ltd. (Hillhouse), Mirae Asset Securities (HK) Limited, Perseverance Asset Management International (Singapore) Pte. Ltd., and Oakwise Growth Fund.
Proceeds from the global offering will be primarily used to further strengthen the Company’s investment in technology research and development, expand production capacity, advance global business development and for other general corporate purposes.
The transaction was jointly led by Dan Ouyang, partner and co chair of Baker McKenzie’s Asia Pacific and China Capital Markets Practices, Baker McKenzie Capital Markets partner Winfield Lau and FenXun’s* International Capital Markets partners Ronnie Li and Zhenzhen Bao. The core deal team was supported by Haoqian Chen, Celia Li, Aileen Xu, Layla Du, Chenxi Yue, Kody Yan, Helen Zhang, Philip Chi and Derek Lee.
Commenting on the transaction, Dan Ouyang said: “We are delighted to have supported Zhaowei on this milestone Hong Kong listing. Zhaowei’s successful listing not only provides strong momentum for its global expansion strategy, but also offers a valuable reference for other A share listed companies pursuing A+H dual listings. We are proud to have served as Zhaowei’s legal partner and to have supported the Company in achieving this important milestone.”
*Baker McKenzie established a joint operation office with FenXun in China as Baker McKenzie FenXun, approved by the Shanghai Justice Bureau in 2015.
Explore Our Newsroom