Simpson Thacher Represents Initial Purchasers in US$129.2 Million Offering of Global Depositary Shares by China Petrochemical Development Corporation
01.15.20
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The Firm recently represented the initial purchasers, Yuanta Securities (Hong Kong) Co. Ltd. and Yuanta Securities Co., Ltd. Offshore Securities Unit, in connection with the US$129.2 million offering of global depositary shares by China Petrochemical Development Corporation (“CPDC”). The offering was led by Yuanta Securities (Hong Kong) Co. Ltd. and Yuanta Securities Co., Ltd. Offshore Securities Unit as joint bookrunners, and conducted in reliance upon Regulation S under the Securities Act of 1933.
CPDC is a leading manufacturer of caprolactam and acrylonitrile based in Taiwan, and its shares are listed on the Taiwan Stock Exchange.
The Simpson Thacher team for the transaction included Chris Lin, Howie Farn and Keng-Wen Lin (Hong Kong Corporate).