Simpson Thacher Hong Kong Represents Xiwang Special Steel in a US$171 Million Global Offering
02.24.12
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The Hong Kong office of the Firm represented Xiwang Special Steel Company Limited (“Xiwang Special Steel”) in its global offering of 500,000,000 ordinary shares. The global offering includes Xiwang Special Steel initial public offering and listing on the Hong Kong Stock Exchange and its international offering conducted pursuant to Rule 144A and Regulation S. Xiwang Special Steel has raised aggregate proceeds of approximately US$171 million from the global offering. Xiwang Special Steel was the first company of size to consummate an initial public offering and listing on the Hong Kong Stock Exchange in 2012. Xiwang Special Steel produces both ordinary steel and special steel.
The Simpson Thacher team working on this transaction included Chris Lin, Yi Wang and Sarah Tang.