Yangtze Optical Fibre and Cable Joint Stock Limited Company Completes HK$1,181.4 million (US$152.4 million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering
12.15.14
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The Firm represented Yangtze Optical Fibre and Cable Joint Stock Limited Company in connection with its initial public offering in Hong Kong and Rule 144A/Regulation S offering of an aggregate of 159,870,000 H shares (prior to the exercise of the over-allotment option), which raised approximately HK$1,181.4 million (approximately US$152.4 million) in gross proceeds.
Yangtze Optical Fibre and Cable Joint Stock Limited Company is one of the leading optical fibre preform, optical fibre and optical fibre cable suppliers in the world. The H shares of Yangtze Optical Fibre and Cable Joint Stock Limited Company are listed and traded on the Hong Kong Stock Exchange. China International Capital Corporation Hong Kong Securities Limited and Goldman Sachs (Asia) L.L.C. acted as the joint sponsors and joint global coordinators; Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, and CCB International Capital Limited acted as the joint bookrunners and joint lead managers.
The Simpson Thacher team for the transaction included Celia Lam, Daniel Fertig, Ethle Tang and David Lee (Corporate – Hong Kong and Beijing); and Jonathan Cantor and George Davis (Tax).