STATE-OWNED ENTERPRISE LISTS H SHARES ON HK EX
July 09, 2008 | BY
clpstaff &clp articles &China Communications Services Corporation (CCS) has completed a US$242 million secondary offering and listing of its H shares on the Hong Kong Stock Exchange.A…
China Communications Services Corporation (CCS) has completed a US$242 million secondary offering and listing of its H shares on the Hong Kong Stock Exchange.
A provider of telecommunications support services to telecommunications operators in the PRC, the state-owned CCS offered 359,365,600 H shares at HK$5.25 each. The shares sold represent 20% of the company's enlarged H share capital.
Both Freshfields Bruckhaus Deringer and O'Melveny & Myers advised on this deal. The O'Melveny's Hong Kong team was led by Colin Law, Peter Chen, Mark Chan, Yifang Chen, and Danny Chan. The O'Melveny US team was led by Kurt Berney and Eric Sibbitt.
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