Advising China Hongqiao Group Limited on HK$11.68 Billion Top-up Placing

"Eversheds Sutherland advised China Hongqiao Group Limited on a top-up placing of 400,000,000 shares, raising approximately HK$11.68 billion. The placement was conducted under Regulation S and Rule 144A to access eligible US institutional investors. Joint global coordinators and placing agents were UBS AG Hong Kong Branch, CMB International Capital Limited and China Securities (International) Corporate Finance Company Limited."

Eversheds Sutherland advised China Hongqiao Group Limited on its top-up placing, with support from the firm’s Hong Kong corporate team and its US team. China Hongqiao Group Limited completed a top-up placing of 400,000,000 shares to professional, institutional and/or other investors, raising approximately HK$11,680,000,000. The transaction was conducted in reliance on Regulation S and Rule 144A under the U.S. Securities Act of 1933, enabling access to eligible U.S. institutional investors. The placement is recorded as the second-largest placing in the industrial sector since 2022 and the second-largest top-up placing on the Hong Kong stock market since 2024. The joint global coordinators and placing agents for the transaction were UBS AG Hong Kong Branch, CMB International Capital Limited and China Securities (International) Corporate Finance Company Limited. Eversheds Sutherland represented China Hongqiao Group Limited with a team composed by: Partner Roger Zhou (Hong Kong corporate team); Associates Austin Seto and Kelvin Ng (Hong Kong corporate team); and Partner Darryl Smith (US team).

Advising China Hongqiao Group Limited on HK$11.68 Billion Top-up Placing

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