US$ 448 million IPO for Chinese dairy company
December 01, 2010 | BY
clpstaff &clp articlesChina Modern Dairy Holdings has raised US$448 million through its initial public offering and listing on the Hong Kong Stock Exchange. The issuer is the…
China Modern Dairy Holdings has raised US$448 million through its initial public offering and listing on the Hong Kong Stock Exchange. The issuer is the largest dairy farming company in terms of herd size and the largest raw milk producer in China.
Joint international lead managers of the transaction include Citigroup Global Markets Asia, UBS, KKR Capital Markets and Deutsche Bank. The sole global coordinator and sponsor was Macquarie Capital Securities, and the joint bookrunners were Macquarie and CCB International Capital.
A Freshfields Bruckhaus Deringer team acted as counsel to the joint international lead managers. Chris Wong and Ken Martin led the team from the Hong Kong office. Also advising the underwriters was Haiwen & Partners on PRC law. Led by Terence Lau, a Hogan Lovells team represented Macquarie. China Modern Dairy was advised by Norton Rose. Commerce & Finance Law Offices and Maples and Calder were the company's PRC and offshore counsels respectively.
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now