news
A Midea company sign is seen at the Appliance and Electronics World Expo (AWE) in Shanghai, China March 23, 2021. REUTERS/Aly Song

 

U.S. law firm Skadden, Arps, Slate, Meagher & Flom and PRC firm Jia Yuan Law Offices are advising Chinese home-appliance maker Midea Group on its planned $1 billion initial public offering, expected to be the first billion-dollar IPO in Hong Kong this year.

Joint sponsors China International Capital Corp (CICC) and Bank of America are being represented by Freshfields Bruckhaus Deringer on Hong Kong and U.S. laws, and by King & Wood Mallesons on PRC laws.

The Freshfields team advising the joint sponsors is being led by partners Teresa Ko, Richard Wang and Howie Farn.

Skadden has advised on some prominent IPOs this year, including Asian courier service group J&T Global Express’ $501 million IPO on the HKEX, and Vietnamese internet company VNG’s debut on Nasdaq. The firm has also represented Keep Inc on its HKEX IPO and space startup ispace, Inc. in its nearly $50 million IPO on the Tokyo Stock Exchange.

 

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

Related Articles

Deals

CC, Paul Hastings lead on CR Beverages’ HK IPO

by Charlie Wu 吴卓言 |

Clifford Chance and Jingtian & Gongcheng are advising China Resources Beverages, the beverage division of the state-owned China Resources Enterprise, on its upcoming Hong Kong IPO, which is expected to raise up to $1 billion. Paul Hastings and Zhong Lun Law Firm are acting for the joint sponsors.

Deals

CC, Davis Polk act on ChaPanda’s $330 mln Hong Kong IPO

by Charlie Wu 吴卓言 |

Davis Polk & Wardwell and Jingtian & Gongcheng have advised Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, on its $330 million IPO on the Hong Kong Stock Exchange, with Clifford Chance and King & Wood Mallesons acting for the sponsor CICC and underwriters.

Deals

Skadden, AMT, MHM, Davis Polk advise on Trial Holding’s $258 mln Japan IPO

by Nimitt Dixit |

Skadden, Arps, Slate, Meagher & Flom and Anderson Mori & Tomotsune have advised Japanese discount-store chain operator Trial Holdings on its $258 million initial public offering on the Tokyo Stock Exchange (TSE), the largest IPO of the year so far.