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Firm Represents Chu Kong Steel Pipe in its Initial Public Offering in Hong Kong

02.22.10

The Hong Kong office of the Firm recently represented Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited ("Chu Kong"), the largest steel pipe manufacturer in China in terms of production volume of longitudinal submerged arc welded steel pipes, in connection with its initial public offering in Hong Kong and Rule 144A / Regulation S offering of 300,000,000 ordinary shares. Chu Kong and its selling shareholder raised a total of approximately HK$1,350 billion (approximately US$173.8 million) in gross proceeds, before the exercise of the over-allotment option. Chu Kong ordinary shares are listed on the Hong Kong Stock Exchange. The offering was jointly managed by ICBC International and JPMorgan.

The Simpson Thacher team for the transaction included Chris Lin, David Lee and Townshine Wu (Corporate - Hong Kong), Peter Thomas and Gabriel Rottman (Regulatory – Anti-Dumping), George Wang and Conor Reidy (Regulatory – OFAC) and Seojung Park (Tax).