Aluminium manufacturer in secondary listing on the HKSE

    November 09, 2010 | BY

    Candice Mak

    Midas Holdings (Midas) has made a Rule 144A/Regulation S global offering and HK$1.19 billion (US$153.15 million) secondary listing on the Main Board of…

    Midas Holdings (Midas) has made a Rule 144A/Regulation S global offering and HK$1.19 billion (US$153.15 million) secondary listing on the Main Board of the Hong Kong Stock Exchange. The PRC-based company is a manufacturer of aluminium alloy extrusion products used primarily in the transportation and infrastructure sectors on the Mainland. The joint lead managers of the transaction were Credit Suisse, JP Morgan and CCB International.

    A Shearman & Sterling team represented the issuer as to Hong Kong law and US law. Jingtian & Gongcheng acted for Midas as PRC counsel, and WongPartnership advised it on Singapore law aspects. The joint lead managers were counselled on both Hong Kong law and US law by a Hong Kong-based Herbert Smith corporate team that was led by John Moore and Carolyn Sng. Global Law Office advised the underwriters on PRC law.

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