Firm Represents Concord Medical Services in its IPO on the New York Stock Exchange
12.18.09
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The Hong Kong office of the Firm recently represented Concord Medical Services Holdings Limited ("Concord Medical"), the operator of the largest network of radiotherapy and diagnostic imaging centers in China, in connection with its initial public offering and listing on the New York Stock Exchange of 12,000,000 American Depositary Shares representing 36,000,000 ordinary shares. Concord Medical raised a total of approximately US$132.0 million in gross proceeds. The underwriters for the offering were Morgan Stanley & Co. International plc, J.P. Morgan Securities Inc. and China International Capital Corporation Hong Kong Securities Limited.
The Simpson Thacher team for the transaction included Leiming Chen, Blake Dunlap, David Lee and Jimmy Gao (Corporate - Hong Kong), and Rian Balfour (Tax). Paralegal Vivien Mao and Elayne Chen provided valuable assistance.