China Logistics Properties Holdings Co., Ltd Completes HK$3,366 Million (US$434.3 Million) Hong Kong IPO and Rule 144A/Regulation S Offering
07.18.16
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The Firm represented China Logistics Properties Holdings Co., Ltd (“CNLP”) in connection with its initial public offering in Hong Kong and Rule 144A/Regulation S offering of an aggregate of 1,035,707,000 ordinary shares, which raised approximately HK$3,366 million (approximately US$434.3 million) in gross proceeds. The ordinary shares of CNLP are listed on the Hong Kong Stock Exchange. Credit Suisse and Deutsche Bank acted as joint sponsors, joint global coordinators, joint bookrunners and joint lead managers.
The Firm also represented CNLP in connection with a US$300 million credit facility with Credit Suisse Singapore and a separate US$100 million debt facility with two financial institutions. Both transactions were entered into in connection with the IPO of CNLP.
CNLP is a leading premium logistics facilities provider in China.
The Simpson Thacher team for the transaction included Chris Lin, Christopher Wong, Ethle Tang, Howie Farn, Calvin Kung and Olivia Lin (Capital Markets); Makiko Harunari and Christian Jackson (Banking and Credit); and John Torrenti (Tax). Summer Associate Lanna Lan also provided valuable assistance.