news
A Stock Exchange of Hong Kong (HKEX) logo in Beijing, China September 4, 2020. REUTERS/Tingshu Wang

Cleary Gottlieb Steen & Hamilton and Zhejiang T&C Law Firm have advised Lygend Resources & Technology on its $472 million initial public offering in Hong Kong, with Herbert Smith Freehills and Commerce & Finance Law Offices advising the sponsors.

According to Reuters, the Ningbo-based's firm's IPO is the fourth-largest in Hong Kong so far in 2022. The company says it is the world's largest nickel product trader, and the largest in China in terms of nickel ore trading in 2021, with a market share of 26.8 percent in 2021, Reuters added.

The HSF team was led by Hong Kong partner Jason Sung, with partner Jin Kong providing support on U.S. securities law. The T&C team included managing partner Lv Chonghua, director of the firm's Ningbo office Cheng Hui, and partner Zhao Yan.

Indonesian firms Imran Muntaz & Co. and Hiswara Bunjamin & Tandjung also took part in the deal.

CICC and CMB International acted as sponsors for the deal.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

Cleary, DLA advise on $1.1 bln Japan-Sweden pharma deal

by Asian Legal Business《亚洲法律杂志》 |

Cleary Gottlieb Steen & Hamilton and Swedish law firm Gernandt & Danielsson Advokatbyrå are advising Japan’s Asahi Kasei on its $1.1 billion offer to buy Swedish drugmaker Calliditas Therapeutics, which is being counselled by DLA Piper.

Deals

Cleary, A&G advise Japan’s Mitsui on $360 mln Ecuador shrimp deal

by Sarah Wong |

U.S. law firm Cleary Gottlieb Steen & Hamilton, Singapore’s Allen & Gledhill and two Ecuadorian firms have advised Japanese trading house Mitsui & Co on its $360 million investment in an Ecuadoran shrimp farming company.

Deals

Cleary, Freshies lead on China shoemaker’s planned $1 bln HK IPO

by Rowena Muñiz |

Cleary Gottlieb Steen & Hamilton and JunHe are advising Chinese footwear and apparel maker Belle Fashion Group on its planned Hong Kong IPO that is set to raise between $500 million and $1 billion. Freshfields Bruckhaus Deringer and Haiwen & Partners are representing the joint sponsors.