Firm Represents China ZhengTong Auto Services Holdings Limited in its HK$3.65 Billion (US$470.7 Million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering
12.15.10
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The Firm represented China ZhengTong Auto in connection with its initial public offering in Hong Kong and Rule 144A/Regulation S offering of an aggregate of 500,000,000 ordinary shares, which raised approximately HK$3.65 billion (approximately US$470.7 million). China ZhengTong Auto is the second largest BMW dealer and a major 4S automobile dealership group in China and operates 22 dealership stores covering 14 cities in China. The ordinary shares of China ZhengTong Auto are listed on the Hong Kong Stock Exchange. J.P. Morgan acted as the sole global coordinator and J.P. Morgan and CCB International acted as the joint sponsors, joint bookrunners and joint lead managers.
The Simpson Thacher team for the transaction included Chris Lin and Richard Lin (Corporate) and Christian Miller (Tax). Paralegals Elyn Xing and Dian Dai provided valuable assistance.