First PRC new town developer to list in Hong Kong

    December 14, 2010 | BY

    clpstaff &clp articles

    China New Town Development Company (CNTD) has become a dual-listed company on the Hong Kong Stock Exchange (HKSE) by way of introduction. A Chinese non…

    China New Town Development Company (CNTD) has become a dual-listed company on the Hong Kong Stock Exchange (HKSE) by way of introduction. A Chinese non state-owned new town developer, CNTD has been a listed company on the Singapore Exchange Securities Trading since November 2007.

    This is the first time for a PRC new town developer and one of the few BVI-incorporated companies to be listed in Hong Kong.

    A Latham & Watkins team advised sponsor Standard Chartered Securities on Hong Kong law. Michael Liu, William Woo and Eugene Lee led the team from the Hong Kong office. King & Wood was PRC counsel to the sponsor. Representing the issuer include Woo Kwan Lee & Lo as to Hong Kong law, Jingtian & Gongcheng on PRC law, WongPartnership on Singapore law, and Appleby on the offshore side.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • 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
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]