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Simpson Thacher represented Tibet 5100 Water Resources Holdings Ltd. (“Tibet Spring 5100”) in connection with its initial public offering and listing on the Hong Kong Stock Exchange of 459,290,000 ordinary shares for aggregate proceeds of approximately $177.1 million. The over-allotment option was exercised for an additional 68,893,000 ordinary shares for aggregate proceeds of approximately US$26.6 million.  Tibet Spring 5100 is the first company based in Tibet that has successfully consummated an initial public offering and listing on the Hong Kong Stock Exchange.

Tibet Spring 5100 is a leading brand of premium bottled mineral water in China.  Tibet Spring 5100’s natural spring mineral water is bottled at the source in the Tibetan mountains at approximately 5,100 meters above sea level, which is the highest known water bottling facility in the world.

The Simpson Thacher team working on this transaction included Chris Lin, Asher Hsu and Sarah Tang (corporate).