CIG Shanghai Successfully Lists on Hong Kong Stock Exchange with Baker McKenzie as Legal Advisor

"Baker McKenzie served as the legal adviser for CIG Shanghai Co., Ltd. during its successful global offering and listing on the Hong Kong Stock Exchange, aiming to raise approximately USD594 million. CIG Shanghai, a leader in providing infrastructure components for AI development, is also listed on the Shanghai Stock Exchange. The funds will be used for production expansion, R&D, and general corporate purposes. The deal highlights Hong Kong's role as a key fundraising hub for technology firms."

Baker McKenzie and FenXun participated in the transaction, acting as legal advisers to CIG Shanghai Co., Ltd. (“CIG Shanghai”) on its global offering and listing on the Main Board of the Hong Kong Stock Exchange. The transaction is expected to raise approximately USD594 million, or approximately USD683.1 million if the over-allotment option is fully exercised. CIG Shanghai, which is listed on the Shanghai Stock Exchange, is a leading global company providing critical infrastructure components for AI development. The proceeds from this offering will be utilized for investments in production and market expansion, research and development, as well as working capital and general corporate purposes. The deal team included the following lawyers: **Baker McKenzie:** - Christina Lee, Partner and Co-Head of Asia Pacific and China Capital Markets Practice - Wang Hang, Partner - Sheng Chen, Partner (Registered foreign lawyer, partner equivalent) - Xiaoyang Hu, Senior Associate - Benjamin Cheung, Associate - Tiffany Mak, Trainee Solicitor **FenXun:** - Yolanda Zheng, Partner - Yaomin Pan, Associate - Charlotte Cao, Associate - Xiaoping Xu, Associate - Yaqin Liu, Associate This team reflects a strong collaboration between Baker McKenzie and FenXun, particularly through their joint operation office established in 2015.

CIG Shanghai Successfully Lists on Hong Kong Stock Exchange with Baker McKenzie as Legal Advisor

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